The wool market traded lower at this week’s auction and the Cape Wools Merino Indicator decreased by 6,0% and by 1,312 points to close at a value of R204,68/kg for clean wool. The Australian EMI lost 3,9% this week. The Cape Wools All Wool Indicator declined 5,9%.
The wool market declined this week due to a stronger Rand and marginally softer demand for both long and medium length, fine Merino Wool. All wool was affected equally, and returns reduced across the board. Seasonal receipts at broker stores are markedly down to previous season receivals.
Modiano bought the most bales at the auction.
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 5,7% to close at R231,88/kg
- 18,5 microns moved 6,1% down to close at R231,08/kg
- 19 microns lost 6,2% to close at R221,23/kg
- 19,5 microns weakened by 6,7% to close at R219,43/kg
- 20 microns was 6,3% weaker to close at R215,67/kg
- 20,5 microns lost 6,0% to close at R214,13/kg
- 21 microns lost 6,0% to close at R213,73/kg
- 21,5 microns decreased by 5,6% to close at R206,20/kg
- 22 microns decreased by 5,1% to close at 203,73/kg
- 22,5 microns declined by 4,9% to close at R207,53/kg
The next sale is scheduled for 14 November 2018 where approximately 12 957 bales will be on sale. – Market report