Home / Knowledge / News / Textiles / Wool market dearer
Wool market dearer
24
Mar '11
The wool market was dearer at this week's sale despite a stronger currency and Cape Wools' Merino indicator gained 1.8% to close at R85,62/kg (greasy), which is just below the seasonal high obtained in mid February.

Competition once again was brisk for good quality long fleeces and these types also fetched excellent prices.

The rand had appreciated against the US dollar compared with last week's rates and at R6,86 was up 1.1% against the greenback. At R 9,72, it was virtually unchanged against the euro.

It was a relatively small sale and 91% of the 6 500 bales on offer was sold.

Major buyers were Modiano SA (2 287 bales), Standard Wool SA (1 331 bales), Stucken & Co (1 248 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns gained 1.7% to R117,31/kg; 19,5 microns were 2.2% cheaper at R99,97/kg; 20 microns were down 3% to R86,75/kg; 20,5 microns were unchanged at R85,34/kg; 21 microns were up by a marginal 0.3% at R85,16/kg, and 21,5 microns gained 4.4% to close at R88,27/kg. There were no quotes for 22 microns.

Approximately 10 000 bales will be offered at next week's sale.

The Weekly Market Report can be viewed by using the software Adobe Acrobat which is available free on the internet Simply follow the instructions below and the on-screen prompts.

Cape Wools


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search