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


Interviews View All

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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


September 2019

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

news category


Related Categories:

Advanced Search