This Week The Price Of The Merino Index Increased By 3% Compared With The Previous Auction.

< p > weak and relatively good demand of Rand in South Africa pushed wool prices higher in the final auction this season, and the Cape wool Merino index increased by 3% compared with the previous auction, with a net gain of 110.31 RAND / kg. < /p >
The price of < p > increased by 26% compared with the price of the auctions, up 17% from the closing price of last season. For most of the season, Cape wool Merino index is still above 100 RAND / kg level. < /p >
< p > this week's demand is relatively strong because buyers are busy buying inventory to meet their short-term needs. Although South Africa's Rand is stronger than its lowest level, its exchange rate with the US dollar and other developed countries is still at its lowest level in four years. < /p >
< p > the average exchange rate between Rand and the US dollar is 9.83 Rand. The average exchange rate of the last auction two weeks ago was 9.51 Rand, a 3.3% decrease. Rand fell 4.5% against the euro, to 12.85 Rand. < /p >
< p > this week, the supply was larger, reaching 13973 packages, of which 99% were traded. The main buyers are standard Wool Company (5146 bales), Modiano company (3546 packages) and Lempriere company (2479 packages). < /p >
< p > all the prices of long wool have increased, but the largest increase in coarse wool. The average price trend of different types of quality long hair shearing (MF5) is as follows: 18 microns increased by 2.3%, reaching 120.04 RAND / kg; 18.5 microns increased by 1%, reaching 19 RAND / kg; 19 microns increased to 116.52 RT / kg; 19.5 microns rose to 2.6%, reaching the RT / kg; the micron rose to the level of the blue RAND / kg; the rise of the micron reached the level of the blue RAND / kg; the rise of the micron reached the level of the orchid / kg. < /p >