Home / Knowledge / News / Textiles / Wool prices slightly weaker in Africa
Wool prices slightly weaker in Africa
28
Sep '12
The market was slightly weaker at this week’s sale as demand conditions remain tough and the Cape Wools Merino indicator shed 0.8% compared with last week to close at R88.09/kg (clean).

This is in line with the Australian market where the indicator was down 0.6%. The market initially struggled to gain momentum and the average prices for some micron categories in early morning trade were down by up to 3%. It picked up pace later in the day. 
 
In contrast with last week, this week saw prices for the finer fleeces performing better than the broader types. Medium wools were also in keen demand.
 
There was little change in the value of the rand against the US dollar. At R8.18, the average rate of the rand was down by a marginal 0,3%, but it was 1% stronger against the euro, trading at R10.53.
 
A total of 5 697 bales were offered of which 99% was sold. Major buyers were Standard Wool SA (1 235 bales), Stucken & Co (1 213 bales), Modiano SA (1 150 bales) and Lempriere SA (1 120 bales).
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 1.5% at R98,26/kg, 18,5 microns gained 0.8% to R98.35/kg, 19 microns were down a marginal 0.1% at R96.43/kg, 19,5 microns shed 0.7% to R94.04/kg, 20 microns were 2.6% cheaper at R90.25/kg, 20,5 microns were down 2.2% at R89.09/kg, 21 microns shed 2.1% at R88.72/kg, 21.5 microns were 1.8% cheaper at R87.97/kg and 22 microns were down 3.1% to close at R86.83/kg. Approximately 8 500 bales will be on offer next week.

Cape Wools


Must ReadView All

Uzbekistan, UAE explore partnership in trade, investment

Textiles | On 20th Mar 2019

Uzbekistan, UAE explore partnership in trade, investment

Uzbekistan and the United Arab Emirates (UAE) have agreed to increase ...

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Textiles | On 20th Mar 2019

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Sri Lanka’s earnings from textiles and garments exports increased by...

Pic: SDG Knowledge Hub

Apparel/Garments | On 20th Mar 2019

Garment supply chain traceability tool being developed

The UN Economic Commission for Europe (UNECE), the European...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Binoy Ravjani, Hero's Fashion

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nitesh Mittal,

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

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

Abhishek Pachauri,

Abhishek Pachauri

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

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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


March 2019

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

news category


Related Categories:

Advanced Search