South African Wool Market Keeps Good

2010/8/20 10:09:00 43

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In the 2010-11 season's first auction, South Africa

wool

The market remained good, though the viral hepatitis of Rift Valley restricted the export of raw wool to China and the significant appreciation of Rand.

The Cape wool Merino index was only 1.6% weaker than its closing level in June, and it closed at 57.77 RAND / kg (net gross), while the South African rand exchange rate reached 7.22 Rand with an appreciation of 6%.

The exchange rate between Rand and the euro weakened by 1%, to 9.29 Rand.

From Europe

Purchaser

There is a strong interest, because processing plants replenish inventory and demand from India also rises.

The supply this week is quite large, up to 12520 bales.

The sales ratio is lower than usual, with a turnover rate of 94%.

The main buyers are standard Wool Company (3927 packs); Modiano company (3306 packages), Lempriere company (1768 packages); Segard Masurel (1306 package); Stucken company (1261 pack).

The average price of high quality, high strength and MF5 (less than 1%) is as follows: 19 microns increased by 2.2%, reaching 67.97 Rand; 19.5 microns dropped 1%, reaching 63.43 RAND / kg; 20 micrometers dropped by 2.6%, reaching 60.21 RAND / kg; 20.5 microns dropped to 20.5, reaching the RT / kg, and the decline of the sink micron reached to the blue / kg.

Next time

auction

The plan is to take place in September 1st, and by then there will be about 9000 bales of wool available.