The 2020/21 wool season concludes on a positive note this week, with a 1,5% increase in the average market indicator, to close on R162,68/kg.
A total of 12 896 bales, with an overall sales clearance of 95,3% were on offer. The bulk of the offering consisted of Merino wools, with 55% of the offering testing 20 micron and finer.
The sale began sluggish, but improved competition on the second day drove prices up across all micron categories. The finer micron Merino fleece wools and certified sustainable wools once again attracted better competition and outperformed the market.
The better market conditions translated into a rise of 2,94% in United States (US) dollar terms, with the rand trading 1,4% stronger against the US dollar.
The Australian market also experienced solid gains this week and closed 3,7% (Australian dollars) from the previous week.
Average price category in the wool market
The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18 microns increased by 2,5% to close at R221,69/kg.
- 18,5 microns moved 4,1% up to close at R211,89/kg.
- 19 microns gained 1% to close at R189,72/kg.
- 19,5 microns strengthened by 0,4% to close at R171,86/kg.
- 20 microns was 0,7% stronger to close at R156,15/kg.
- 20,5 microns won 1% to close at R150,29/kg.
- 21 microns recovered by 1,3% to close at R147,49/kg.
- 21,5 microns improved by 0,6% to close at R143,48kg.
- 22 microns rose 0,4% to close at R137,63/kg.
- 22,5 microns climbed by 1,7% to close at R131,78/kg.
The next auction is scheduled for 11 August 2021. – Press release, Cape Wools SA