The wool market once again delivered good results this week and closed 2,1% up from the previous week, at an average of R172,63/kg. A total of 9 640 bales was offered, with certified sustainable wools comprising 13% of the Merino wools offered.
The strengthening of the rand during the sale made trading more challenging. However the rand ultimately closed 1,7% weaker against the United States (US) dollar, also delivering a positive return of 0,4%.
All micron categories delivered positive results, with the fine micron and sustainable wools attracting strong competition from the buying houses.
The Australian market also closed on a positive note this week and edged up by 0,5% (Australian dollar) from the last sale.
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 2,7% to close at R222,99/kg.
- 18,5 microns moved 2,9% up to close at R212,82/kg.
- 19 microns gained 2,2% to close at R200,26/kg.
- 19,5 microns strengthened by 2,5% to close at R188,93/kg.
- 20 microns was 2,6% stronger to close at R175,25/kg.
- 20,5 microns won 2,6% to close at R165,64/kg.
- 21 microns recovered 2,1% to close at R159,26/kg.
- 21,5 microns improved by 3,2% to close at R159,67kg.
- 22 microns rose by 2,2% to close at R146,18/kg.
- 22,5 microns climbed by 2,4% to close at R148,13/kg.
The next auction is scheduled for 17 March 2021, where approximately 8 990 bales will be on sale. – Press release, Cape Wools