A smaller volume of 6 023 bales was offered on this week’s wool auction, with the market indicator closing slightly down by 0,7% at R161,03/kg, with an overall sales clearance of 94,22%.
The bulk of the offering consisted of medium-length wools of 20 microns and finer, with a very small volume of sustainable wools on offer.
There was good competition for the limited quantity longer-length Merino fleece wools, with the medium-micron segment performing above market average. Shorter wools experienced softer demand.
Although the Australian market ended slightly higher this week and traded 0,63% up (Australian dollar terms) from the previous wool auction on 18 March, it also generally experienced softer demand and closed 2,3% down in American dollar terms.
The rand traded 0,47% stronger in United States (US) dollar terms, with the market returning a 0,27% decrease in US dollar terms.
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 by 1,1% to close at R207,84/kg.
- 18,5 microns moved down by 1,1% to close at R198,55/kg.
- 19 microns lost 1% to close at R186,75/kg.
- 19,5 microns weakened by 0,9% to close at R174,71/kg.
- 20 microns was 2% weaker to close at R160,47/kg.
- 20,5 microns lost 1,2% to close at R153,88/kg.
- 21 microns recovered 1,2% to close at R150,98/kg.
- 21,5 microns improved by 0,3% to close at R149,50kg.
- 22 microns rose by 2,6% to close at R145,92/kg.
- 22,5 microns declined by 3% to close at R132,11/kg.
The next wool auction is scheduled for 14 April 2021. – Press release, Cape Wools SA