The last wool sale before the Christmas recess took place this week, with a large offering of 13 791 bales. Some 60% of the offering consisted of fine-micron Merino wools. A large volume of 4 574 bales was withdrawn prior to the sale, with a very good sales clearance of 98,2% achieved on the bales offered.

Lees dit in Afrikaans

After a slow start, the market improved by 1,6% to close at R144,33/kg. Although the Australian market started in the red it experienced better demand towards the end of the sale to close 1,04% down in Australian dollar terms. The rand weakened by 0,3% from the previous week, resulting in a 1,29% gain in the market in United States (US) dollar terms.

All micron categories experienced good competition from the buying houses and ended in positive territory, with the very fine- and medium-micron, long Merino fleece wools attracting the most attention.

Wools certified to be sustainable comprised 37,5% of the Merino wools on offer and continued to outperform the market, especially in the medium-micron segment.

The major buyers on the sale were Lempriere SA, Modiano SA, Standard Wool SA and Tianyu SA.

Average price per 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 2,6% to close at R180,55/kg.
  • 18,5 microns moved 0,8% up to close at R168,36/kg.
  • 19 microns gained 1,1% to close at R158,15/kg.
  • 19,5 microns strengthened by 0,5% to close at R149,17/kg.
  • 20 microns was 1,9% stronger to close at R141,06/kg.
  • 20,5 microns won 0,3% to close at R135/kg.
  • 21 microns recovered 1,6% to close at R135,66/kg.
  • 21,5 microns improved by 0,8% to close at R133,43kg.
  • 22 microns rose 2,9% to close at R128,39/kg.
  • 22,5 microns climbed by 1% to close at R121,79/kg.

The next auction is scheduled for 13 January 2021. – Press release, Cape Wools