Home / Knowledge / News / Textiles / Cape Wools' Merino indicator continues falling

Cape Wools' Merino indicator continues falling

06
Nov '08
With the business climate expected to remain tough during the weeks before the Christmas recess, it was no surprise to see a further decline in the market with with Cape Wools' Merino indicator softening by 3.4% to close at R42.64 per kg (clean).

However, with the strengthening of the rand by 6% against the US dollar and 5% against the euro compared with last week's sale, this decline was relatively mild.

lthough orders for wool are reportedly still slow to come in, a satisfactorily sales percentage was achieved when 93% of the 9868 bales on offer was cleared to the trade.

Major buyers were Chargeurs Wool (2261 bales); Standard Wool 1779 bales); Modiano (1645 bales) and Segard Masurel (1543 bales).

Prices of long Merino fleeces of AWEX types 4 and 5 were generally softer across the full micron range, with the finer qualities posting relatively larger declines compared with the medium qualities.

Approximately 9500 bales will come under the hammer at next week's sale.

Cape Wools'


Must ReadView All

Pic: Shutterstock

E-commerce | On 30th Nov 2020

France to impose 'digital tax' in 2020

France has decided to impose a new digital tax on big online...

Pic: University of York

Textiles | On 30th Nov 2020

UK scientists working to reduce textile industry waste

Scientists at the University of York and the Royal College of Art are ...

Pic: Material Exchange

Textiles | On 30th Nov 2020

Material Exchange raises €5 million for sustainability

Material Exchange has announced the closing of a €5 million funding...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trade buzz: This could be a landmark budget

Top executives, Textile industry

Top executives
Textile industry

The foremost issue is bridging the skill gap

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

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

Shivani Swamy,

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


November 2020

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


Advanced Search