Home / Knowledge / News / Textiles / Marginal drop in wool prices before Easter
Marginal drop in wool prices before Easter
14
Mar '08
The last sale before the Easter recess saw the market remaining virtually unchanged with Cape Wools' Merino indicator closing the day down a mere 0.6% at R69.52/kg (clean).

The rand continued to be volatile and was 0.5% stronger against the dollar compared with last week's sale, but 1% weaker against the euro at R11.97.

Most long wool categories were slightly cheaper, the worst affected being 20 microns, which dropped by around 2%.

The offering totaled 10 430 bales of which 96% were sold. Major buyers were Standard Wool SA (2 336 bales); Modiano (2 277 bales); Chargeurs Wool (1 456 bales); and Stucken (1 442 bales).

Average price movements for AWEX-type fleeces, MF4 and MF5 of 70 and 80 mm were as follows: 19 microns dropped 1.2% to R86.98/kg; 20 microns were down 2.3% to R75.53/kg; 21 microns were 0.6% cheaper at R70.85/kg; 22 microns were down 0.8% at R69.22/kg; and 23 microns weakened by 09% to R67.73/kg. There were no quotes for 24 and 25 microns in these specific categories.

Sales will resume on 2 April when approximately 15 000 bales will be on offer.

Capewools


Must ReadView All

Azerbaijan's Gilan Textile Park raises exports by 40%

Apparel/Garments | On 18th Aug 2018

Azerbaijan's Gilan Textile Park raises exports by 40%

Azerbaijan's Gilan Textile Park has raised its exports by 40 per cent ...

CPD studies living cost of Bangladesh RMG workers

Apparel/Garments | On 18th Aug 2018

CPD studies living cost of Bangladesh RMG workers

The living cost of readymade garment (RMG) workers in Bangladesh...

Brazilian cotton price index returns to April 2018 level

Textiles | On 18th Aug 2018

Brazilian cotton price index returns to April 2018 level

Cotton prices dropped in Brazil in the first fortnight of August as...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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


August 2018

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

news category


Related Categories:

Advanced Search