This week’s wool sale consisted of another large offering of 13 083 bales after 1 962 bales were withdrawn prior to the commencement of the sale. A final sales clearance of 96,15% was achieved.
Long, fine Merino wools made up nearly 60% of the offering and 37% of the Merino wools on offer were certified to be sustainable.
Although the market retracted by 1,4% from the previous sale to close at R142,03/kg, the fine micron categories and wools certified to be sustainable (wools produced using the new Responsible Wool Standards, RWS) lots closed up from the previous week and attracted good competition from the buying houses. The biggest downward pressure was seen in the medium micron categories, dragging the market into negative territory.
The market retracted by 0,9% in United States (US) dollar terms, amid the stronger South African currency of 0,52% against the US dollar. The Australian market also closed 0,8% (AU$) lower this week and recorded lower sales clearances.
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 0,4% to close at R176,01/kg.
- 18,5 microns moved 0,7% up to close at R167/kg.
- 19 microns lost 0,3% to close at R156,37/kg.
- 19,5 microns weakened by 1% to close at R148,37/kg.
- 20 microns was 2,3% weaker to close at R138,38/kg.
- 20,5 microns lost 2,6% to close at R134,58/kg.
- 21 microns lost 1,6% to close at R133,50/kg.
- 21,5 microns improved by 2,1% to close at R132,36/kg.
- 22 microns rose 0,3% to close at R124,73/kg.
- 22,5 microns declined by 0,2% to close at R120,55/kg.
The next auction is scheduled for 2 December 2020 where approximately 18 357 bales will be on sale. – Press release, Cape Wools