Home / Knowledge / News / Textiles / Wool prices ease at first sale after easter
Wool prices ease at first sale after easter
May '11
The first sale after the Easter recess saw wool prices softening and Cape Wools' Merino indicator closed the day at R83.71/kg (clean), which is down 1.9% on the previous sale three weeks ago.

This is in line with the Australian market, which also trended downwards. The stronger rand, which had appreciated by 1.5% since the previous sale, also exerted downward pressure on the market.

The rand, at R6.58, had appreciated by 1.5% against the US dollar compared with the previous sale. At R9.77, the rand was down 0.8% against the Euro.

A total of 10 812 bales were on offer of which 93% was sold.

Major buyers were Standard Wool SA (3 615 bales), Stucken & Co (2 485 bales) and Modiano SA (2 402 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) fluctuated across the micron spectrum on offer: 19 microns dropped by 1.4% to R113.27/kg; 19.5 microns were 2.8% cheaper at R99.50/kg; 20 microns gained 0.8% to close at R90.93/kg; 20.5 microns were up 0.6% at R87.01/kg; 21 microns eased 0.9% to R84.75/kg, and 21.5 microns were down 2.1% to close at R81.93/kg.

Approximately 9 500 bales will be on offer at next week's sale.

Cape Wools SA

Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

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 ...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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