Home / Knowledge / News / Textiles / Wool market regains some lost ground
Wool market regains some lost ground
17
Mar '11
The wool market regained some lost ground at this week's sale and Cape Wools' Merino indicator gained 2.6% compared with last week to close at R84.10/kg (clean).

Competition was brisk for the good quality fleece wools, particularly fine wools, and a fresh seasonal high of R121.00/kg (greasy) was fetched for two bales of 15.8 microns belonging to Mr. Johan Klingenberg from Wakkerstroom. He also obtained the second highest price of R120.10/kg (greasy) for a bale of 16.2 Microns. The previous high was R118.80/kg (greasy).

The slightly weaker rand also supported the market. The currency had depreciated by 1.1% against the US dollar and was trading at R6.93. It was also 1.8% weaker against the euro at R9.69.

A high sales percentage was achieved and 97% of the 8 939 bales on offer was sold.

Major buyers were Standard Wool SA (3 295 bales), Stucken & Co (1 513 bales), Modiano SA (1 418 bales), Segard Masurel SA (1 337 bales), and Lempriere SA (1100 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were significantly higher than the market indicator, which was pulled down by the selection of average wools.

The averages for the MF5's were as follows: 19 microns gained 5.8% to R115.35/kg; 19.5 microns were 5.9% dearer at R102.23/kg; 20 microns were up 5.2% at R89.39/kg; 20.5 microns increased by 4.5% to R85.46/kg; 21 microns were 4.6% dearer at R84.92/kg; 21.5 microns gained 4.3% to R84.59/kg and 22 microns rose 5.6% to close at R87.14/kg.

Approximately 6 000 bales will be offered at next week's sale.

Cape Wools SA


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search