The demand from China, weaker rand and good competition for top quality wool at this week’s sale assisted in pushing the prices higher.
The rand on the day traded 3.4% weaker at R10.17 against the US dollar, compared with last week’s average rate, and weakened 1.6% against the euro at R13.74.
It was a fairly large sale with 12 928 bales offered, of which 98% was sold. The most active traders were Standard Wool (3 865), Modiano (3 156), Lempriere (2 430) and Stucken & Co (1 341).
Wool prices rose across the board with the finer types posting the greatest increases.
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 5.6% at R125,41/kg, 18,5 microns strengthened by 5.2% to R123,16/kg, 19 microns gained 3.8% to R121,00/kg, 19,5 microns rose 3.4% to close at R118,43/kg , 20 microns were up 2.7% to close at R115,49/kg, 21 microns gained 3.5% at R115,14/kg, 21,5 microns were 4.4% dearer at R115,19/kg and 22 microns were up 1% to close at R111,29/kg.
The next sale is scheduled for 13 November where approximately 12 000 bales will be on offer.
| On 22nd Oct 2021
China's coal supply has showed signs of picking up with daily...
Indonesia and China recently signed an MoU to conduct a feasibility...
| On 22nd Oct 2021
Paris-based luxury fashion house Balenciaga was ranked the hottest...
Strongly believe in 'people first' policy.
Liquidity is a primary issue in Indian context
Luxury is not just about high prices but ability to create desire
EptaInks is the screen-printing division of Eptanova, a company that...
Abdullah Mohammad Saad Hossain
Saad Group is a leading vertically integrated textile group in Bangladesh. ...
Based out of Como, Italy, and with technological expertise of nearly 70...
German company Dilo Group is one of the leading equipment suppliers of...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
Thomas Ong P S
Malaysian company NanoTextile Sdn Bhd taps into the potentials of...
Label Reynu Taandon + Nikhita
Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...
Label Raghavendra Rathore Jodhpur
Being one of the first designers to use the "Brand India" positioning for...
Label Gavin Miguel
Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.