The wool market continued to strengthen on the 30th sale of the season and gained 3,7% from the previous sale to close at R162,74/kg.

Lees dit in Engels

A total of 9 483 bales was on offer, with the majority of the offering consisting of Merino wools falling in the medium-length category.

The market followed the upward trend in the Australian market this week, with better all-round buyer sentiment driving prices upward.

All micron categories delivered positive results, with the medium microns performing the best on the day amid good competition from the buyers.

An overall sales clearance of 96,06% was achieved, with good aftersales assisting in achieving these good levels amid some seller reserves not being met.

The Australian market closed at 1,75% (Australian dollar) from the previous sale and the South African rand traded slightly weaker at 0,4% against the United States (US) dollar, returning a positive 3,27% in US dollar terms.

Average price category in the wool market

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 by 1,9% to close at R213,45/kg.
  • 18,5 microns moved up by 1,9% to close at R201,36/kg.
  • 19 microns gained 1,6% to close at R189,58/kg.
  • 19,5 microns strengthened by 1,6% to close at R173,60/kg.
  • 20 microns was 2,5% stronger to close at R156,94/kg.
  • 20,5 microns won 3,3% to close at R152,93/kg.
  • 21 microns recovered 3,3% to close at R150,20/kg.
  • 21,5 microns improved by 4,8% to close at R144,21kg.
  • 22 microns rose 3,2% to close at R139,46/kg.
  • 22,5 microns climbed by 0,3% to close at R129,93/kg.

The next auction is scheduled for 5 May 2021, where approximately 4 672 bales will be on sale. For last week’s report, click here. – Press release, Cape Wools SA