The wool market traded stronger and the Cape Wools Merino Indicator increased with 1,6% and by 279 points to close at a value of R181,99 for clean wool. On the Australian market, the EMI lost 0,3% this week. The Cape Wools All Wool Indicator gained 1,7%.
Despite a volatile Rand and increased volumes delivered to broker stores the wool market excelled and gained 1.6%. Buyers reported excellent demand for finer wool and a record price was fetched for a remarkable batch of lamb’s wool. Good quality long wool enjoyed good demand and medium length wool showed significant increases due to its growing popularity.
Competition between buyers remains intense as they secure their market share. Standard Wool bought the largest volume of bales with Modiano a close second.
The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18,0 microns increased 1,0% to close at R229,87/kg
- 18,5 microns gained 0,8% to close at R216,01/kg
- 19,0 microns gained 0,7% to close at R201,62/kg
- 19,5 microns strengthened by 1,0% to close at R189,87/kg
- 20,0 microns was 1,2% stronger to close at R179,32/kg
- 20,5 microns increased 0,2% to close at R171,25/kg
- 21,0 microns recovered 0,9% to close at R166,83/kg
- 21,5 microns declined by 0,3% to close at R160,79/kg
- 22,0 microns fell 0,3% to close at R156,74/kg
- 22,5 microns declined by 0,5% to close at R153,50/kg
The next sale is scheduled for 1 November 2017 where approximately 10 013 bales will be on sale. – Market report