>>
Home / Knowledge / News / Textiles / Cape Wools indicator slides in first sale of new season
Cape Wools indicator slides in first sale of new season
22
Aug '13
The first sale of the new wool-selling season exceeded expectations with the Cape Wools Merino indicator shedding 7.6% compared to the closing sale of the previous season and closed at R101, 96/kg (clean).

This sale was marked by good demand and keen competition from the various sectors of the trade, which supported the firm price level.

Traders commented that the weakening rand helped soften the prices and reflected the Australian market conditions. The rand was 3.4% weaker against the US dollar compared with the average rate at the previous sale, while it dropped 5.9% against the euro.

It was a large sale with 15 607 bales on offer of which 98% was sold.

Major buyers were Standard Wool (4 761), Lempriere (3 422), Modiano (3 041), Stucken & Co (1 615) and Segard Masurel (1 074).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 5.7% to R113,19/kg, 18,5 microns shed 5.6% to 110,41/kg, 19 microns dropped  7.3% to R107,98/kg, 19,5 microns dropped 7.8% to 104,96/kg, 20 microns shed 7.9% to close at R102,85/kg, 20,5 microns were down 8.2% at R102,32/kg, 21 microns dropped 7.9% to R101,89/kg and 21,5 microns were 8.1% cheaper at R101,70/.

The next auction is scheduled for 4 September 2013 where approximately 9 000 bales will be offered.

Cape Wools


Must ReadView All

Pic: Shutterstock

Textiles | On 17th Jan 2022

China’s GDP increases by 8.1% in 2021

The GDP of China was 114,367 billion yuan in 2021, an increase of 8.1 ...

Pic: Shutterstock

Textiles | On 17th Jan 2022

EU-UK bilateral trade of textiles witness major drop: EURATEX

The imports and exports of textiles between the EU and UK have...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Canada-Vietnam sign MoU for joint economic committee

Canada and Vietnam recently signed a memorandum of understanding...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

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

ESTEEMED CLIENTS

The Top Form Brassiere Manufacturing Company Limited
Huntsman (Singapore) Pte Ltd
Etam Group Strategy Hong Kong Limited
Gatsby Africa
Asos
Boardriders Asia Sourcing Limited
Reiter India Private Limited
Decathlon
Tommy Hilfiger
C;&A Sourcing International Ltd
Lifestyle
Rayonese Textile Inc., Division de Culp Inc.
BIANCA
Hirdaramani International Export Private Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Under Armour Global Sourcing Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
MAS Active / MAS Kreeda / MAS Bodyline

January 2022

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


Advanced Search