Home / Knowledge / News / Textiles / Cape Wools market strengthens

Cape Wools market strengthens

15
Mar '12
Prices were higher at this week's sale despite a stronger rand and Cape Wools' Merino indicator gained 2.3% toclose at R104,17/kg (clean). This is slightly lower than the seasonal high but still 22% up on the same sale last season.

The rand was trading at R7,51 against the US dollar, which was 1.1% stronger than last week's average rate. At R9,80, the rand was up 1.7% against the euro. This week saw a much smaller offering of 7 274 bales of which 99% was sold.

Major buyers were Modiano SA (2 174 bales), Lempriere SA (1 921 bales), Standard Wool SA (1 494 bales) and Stucken & Co (1 172 bales).

Although this week's offering was fairly small, more wool has come on to the market and wool received at the brokers' stores now stands at 36,5 million kg, which is down only 3% compared with the corresponding period last year.

There was a much bigger difference earlier in the season, triggering concerns of a significant drop in production. The prices of almost all long fleeces were higher, but the biggest increases were posted in 19 to 20 micron categories.

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns were up 1.1% at R115,69/kg, 19,5 microns were 2.2% dearer at R113,38/kg, 20 microns gained 1.5% to close at R110,49/kg, 20,5 microns were 0.7% dearer at R108,09/kg, 21 microns strengthened by 0.5% to close at R106,57/kg, 21,5 microns were up 0.5% at R105,71/kg but 22 microns were 1.6% cheaper and closed at R101,98/kg.

No sale has been scheduled for next week due to Wednesday (21 March) being a public holiday. Sales will resume on 28 March.

Capewools


Must ReadView All

Pic: Ritu Manoj Jethani / Shutterstock.com

Apparel/Garments | On 31st Jul 2021

US firm Steve Madden moves production to Mexico & Brazil from China

As supply chain disruption remains a significant challenge, American...

Pic: GBG USA

Apparel/Garments | On 31st Jul 2021

Apparel & footwear firm GBG USA files for bankruptcy protection

GBG USA, an indirect wholly owned subsidiary of Global Brands Group...

Pic: Shutterstock

Apparel/Garments | On 31st Jul 2021

Asian garment industry market concentration, consolidation rise: ILO

Although Asia's garment market rose in size in value terms before the ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Money never disappears-it just finds new opportunities

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Aashumi Mahajan,

Aashumi Mahajan

Luxe Maison is a premiere haute couture e-boutique established after 2015. ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

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


July 2021

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


Advanced Search