Home / Knowledge / News / Textiles / Wool prices soar to seasonal high, Cape Wools
Wool prices soar to seasonal high, Cape Wools
May '11
Prices soared at the penultimate sale of the season and Cape Wools' Merino indicator rose 12.8% compared with the previous sale a fortnight ago to close at R95.57/kg (clean), which is its highest level in over a decade.

This is also 65% above the opening level.

The weaker rand, which at R6.98 had softened by 4% against the US dollar compared with the average rate at the previous sale, also supported the market. It was 1.5 % weaker against the Euro at R9.81.

There was keen demand from the various sectors of the trade for the good quality fleeces and traders say supply concerns and a building shortage of quality long wools, continue to be the main driving force.

A total of 8 649 bales was on offer of which 95% was sold.

Major buyers were Standard Wool SA (3 618 bales), Modiano SA (1 792 bales) and Stucken & Co (1 484 bales).

This was the first sale at which the average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) for the 19 tot 21 micron categories broke through the R100/kg level.

The average price for the different categories were as follows: 19 microns were 11.7% dearer at R123.29/kg; 19.5 microns rose 15.5% to R115.77/kg, 20 microns gained 9.9% to close at R101.50/kg; 20.5 microns were up 18.4% at R102.21/kg; 21 microns rose 15.3% to R100.17/kg, 21.5 microns were 16.8% dearer at R98.50/kg and 22 microns gained 16.9% to close at R96.28/kg.

The final sale of the season will take place on 8 June when approximately 12 500 bales will come under the hammer.

Cape Wools SA

Must ReadView All

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

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

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


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