Home / Knowledge / News / Textiles / Merino indicator at seasonal high
Merino indicator at seasonal high
Mar '11
The market continued its upward trend at this week's sale and Cape Wools' Merino indicator rose 0.8% compared with last week to close at R86.26/kg (clean). This is the highest level this season and up 49% on the opening sale.

Prices were, however, very mixed with some qualities enjoying good demand and fetching higher prices compared with last week, while other types were cheaper.

The rand, at R6.79, had appreciated by 1% against the US dollar. At R9.57, the rand was up 1.6% against the euro.

A total of 10 646 bales were on offer of which 93% was sold.

Major buyers were Standard Wool SA (3 972 bales), Modiano SA (2 346 bales) and Stucken & Co (1 790 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were very erratic across the micron spectrum on offer: 19 microns dropped 2.9% to R113.87/kg; 19.5 microns were 2.6% dearer at R102.58/kg; 20 microns gained 5.7% to R91.66/kg; 20.5 microns were up 0.5% at R85.75/kg; 21 microns were up down by 0.5% to R84.76/kg, 21.5 microns were 2.8% cheaper at R85.83/kg, while 22 microns were 4.6% dearer to close at R89.08/kg.

No sale has been scheduled for next week. The next sale will take place on 13 April.

Cape Wools SA

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Pranav Mishra

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search