Home >

South Africa: Rand Weak Supports Wool Market

2012/3/21 15:09:00 6

South Africa local time on March 9th, the weak South African rand continued to South Africa.

wool

The market has a positive supporting role.

It is reported that last week, South Africa's Rand's exchange rate against the US dollar was 7.59, which was 2.3% lower than the previous week's average level. The South African Rand's exchange rate for the euro was 9.97, and the marginal decline was 0.2%.

Last week, the wool index of Cape Town wool rose 0.6%, closing at 101,79 RAND / kg, an increase of 21% over the previous quarter.

Last week's auction.

wool

The supply reached 13955 packages, with a turnover rate of 98%.

The main buyers are Standard Wool SA (4995 packs), Modiano company (Modiano SA, 2641 packs), de Kang group (Stucken & Co, 2231 packs) and RPL (Lempriere SA, 1902 package).

In last week's auction, the price of long wool has gone up.

wool

Sales were good, up 3% from the previous week.

The average price of MF5 and long wool and other varieties of wool is as follows: 19 microns grow 0.7% to 114,46 RAND / kg; 19.5 microns rise 33% to 110,97 RAND / kg; 20 microns grow 1.8% to 108,89 RAND / kg; 20.5 microns grow 2.6% to 107,35 RAND / kg; 21 microns grow 2.4% to 106,09 Rand / kg; 21.5 micron grows to 2.6% 105,23 / RKG / kg; and the growth of the micron grows to 103,68 RAND / kg.

It is estimated that next week's sale will be about 7000 bales of wool.