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A total of 9 046 bales was on offer on the second sale of the wool season, which took place this week. A lower overall sales clearance of 85,66% was achieved on the sale. A significant percentage (48%) of the Merino wools on offer was certified as sustainable.
The market gained 0,9% from the previous sale to close at R167,64/kg. The finer microns performed negatively, with the better-length wools and certified sustainable wools dragging the market into positive territory.
The weaker rand supported the market amid some mixed market signals, with the Australian market trading variably this week. Ultimately, the market closed 2,7% (Australian dollar) down from the last sale on 12 August. Low sales clearances were recorded amid seller resistance.
The rand traded 0,7% weaker against the United States (US) dollar, with the market gaining 0,19% 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 decreased 0,5% to close at R230,65/kg.
- 18,5 microns moved 1,6% down to close at R216,25/kg.
- 19 microns lost 1,4% to close at R195,17/kg.
- 19,5 microns weakened by 1,7% to close at R178,51/kg.
- 20 microns were 0,2% stronger to close at R158,83/kg.
- 20,5 microns won 1,7% to close at R154,56/kg.
- 21 microns recovered 0,8% to close at R152,11/kg.
- 21,5 microns improved by 0,9% to close at R147,52/kg.
- 22 microns rose 1,8% to close at R140,75/kg.
- 22,5 microns climbed by 1,2% to close at R136,41/kg.