A lower volume of 8 083 bales was on offer at the wool sale, with the market easing by 2% from the previous sale, to close at R159,22/kg. An overall sales clearance of 95,8% was achieved.
Only 38% of the offering consisted of Merino wools, and a very small volume of sustainably produced wools were offered. The composition of the offering, combined with the stronger South African rand of 1,7% against the American dollar, resulted in the market ending in negative territory. In American dollar terms, the market eased slightly by 0,35%.
The long Merino fleece wools attracted good competition from buyers and performed better than the market average. The Australian market also traded lower by 0,93% (Australian dollar terms), compared with the previous sale.
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 decreased 5,3% to close at R203,02/kg.
- 18,5 microns moved 3,2% down to close at R187,96/kg.
- 19 microns lost 3,3% to close at R178,22/kg.
- 19,5 microns weakened by 3,5% to close at R166,32/kg.
- 20 microns was 2% weaker to close at R155,16/kg.
- 20,5 microns lost 3,4% to close at R147,16/kg.
- 21 microns lost 1,1% to close at R147,23/kg.
- 21,5 microns tumbled by 1,6% to close at R142,77kg.
- 22 microns fell 2,3% to close at R132,97/kg.
- 22,5 microns declined by 0,5% to close at R137,36/kg.
The next auction is scheduled for 17 February 2021, where approximately 5 892 bales will be on sale. – Press release, Cape Wools