The eighth sale of the 2020/21 wool season continued its upward trend with a 2,4% increase from the previous sale to close at R134,77/kg.
A relatively small number of bales was offered (5 919), with a sales clearance of 93,1%. The offering consisted of good-quality wool, with 31% of the wool being sold under the responsible wool standard (RWS).
There was very good competition on the sale, especially for the medium and longer length wools that are certified as sustainable.
Australian market experiences good demand
The Australian market also experienced good demand this week, with the market gaining 2,6% in Australian dollar terms.
The rand traded 1,7% stronger against the United States (US) dollar this week, resulting in a 4,2% gain in US dollar terms, which is very positive within the current market environment.
The major buyers on the sale were Standard Wool SA (1 312), Modiano SA (1 185), Stucken & Co (1 018) and Lempriere SA (774).
Average price per micron category
The average clean wool prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18 microns increased 1,7% to close at R170,27/kg.
- 18,5 microns moved 1,7% up to close at R155,11/kg.
- 19 microns won 1,8% to close at R146,09/kg.
- 19,5 microns strengthened by 3,7% to close at R138,10/kg.
- 20 microns was 3,6% stronger to close at R131,62/kg.
- 20,5 microns won 1,7% to close at R125,57/kg.
- 21 microns recovered 3% to close at R124,71/kg.
- 21,5 microns improved by 2,1% to close at R122,46kg.
- 22 microns rose 1,9% to close at R123,13/kg.
- 22,5 microns climbed by 3,5% to close at R127,55/kg.
The next wool auction is scheduled for 14 October 2020 where approximately 7 545 bales will be on sale. – Cape Wools SA
View the results of the previous wool auction here.