New wool season kicks off with 2,1% gain

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The 2021/22 wool season kicked off this week with the average market indicator gaining 2,1% from the closing sale of the previous season, to close at R166,13/kg.

Lees dit in Afrikaans

A total of 12 498 bales was on offer after 3 379 bales were withdrawn prior to the sale, with an average sales clearance of 92,47% on the bales offered.

The bulk of the offering consisted of medium length wools, with 58% of the offering testing 20 micron and finer. Sustainable certified wools made up 52% of the Merino wools on offer.

The fine micron and sustainable wools experienced strong competition with both categories outperforming the market average.

The South African rand traded 9% weaker against the United States (US) dollar from the previous sale, which contributed to a rise in prices across all micron categories. The market delivered a 6,33% decrease in US dollar terms.

The Australian market closed at 3,57% lower in Australian dollar this week, compared to the previous sale held on 14 July 2021.

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 4,5% to close at R231,72/kg.
  • 18,5 microns moved 3,8% up to close at R219,87/kg.
  • 19 microns gained 4,3% to close at R197,95/kg.
  • 19,5 microns strengthened by 5,7% to close at R181,62/kg.
  • 20 microns was 1,5% stronger to close at R158,55/kg.
  • 20,5 microns won 1,1% to close at R151,98/kg.
  • 21 microns recovered 2,3% to close at R150,85/kg.
  • 21,5 microns improved by 1,9% to close at R146,26kg.
  • 22 microns rose 0,5% to close at R138,28/kg.
  • 22,5 microns climbed by 2,3% to close at R134,75/kg.

The next auction is scheduled for 18 August 2021, where approximately 8 147 bales will be on sale. Find the last report for the 2020/21 wool season here. – Press release, Cape Wools SA