The fifth wool auction of the season recently took place, with a smaller offering of 6 508 bales and a good sales clearance of 97,8%.
The offering consisted of good-quality fine Merino fleeces, which attracted strong competition from all buying houses. The market gained 3,3% from the previous wool auction, despite the 2,8% strengthening of the rand against the American dollar, resulting in a significant rise of 6,26% in the market in American dollar terms.
Australia’s wool market performed well
The market in Australia also had a good performance this week, with a 5,3% increase in Australian dollar terms, with better demand from China driving the market upwards. The finer micron and longer length wool, especially certified sustainable wool, performed particularly well. Selected coarser short wools also outperformed the market.
The major buyers at the sale were Lempriere SA, Standard Wool SA, Tianyu SA and Modiano SA.
Average price per micron category
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 3,6% to close at R156,46/kg.
- 18,5 microns moved 3,2% up to close at R142,29/kg.
- 19 microns gained 2,7% to close at R134,20/kg.
- 19,5 microns strengthened by 4,8% to close at R128,60/kg.
- 20 microns was 4,1% stronger to close at R120,54/kg.
- 20,5 microns won 3,5% to close at R116,14/kg.
- 21 microns recovered 3,5% to close at R115,17/kg.
- 21,5 microns improved by 1,6% to close at R115,77kg.
- 22 microns rose 0,9% to close at R118,85/kg.
- 22,5 microns climbed by 0,6% to close at R114,85/kg.
The next wool auction is scheduled for 16 September 2020. – Cape Wools SA
Click here to view last week’s auction results.