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A smaller volume of 5 966 wool bales was on offer during the 31st wool sale of the 2020/21 selling season. The wool market delivered mixed results among the micron categories, but ultimately closed 0,9% higher from the previous sale at R164,14/kg.
The offering consisted predominantly of fine micron Merino wools, with 14% of the Merino wools on offer being certified as sustainable. Although the longer length Merino wools achieved good results, a lower overall sales clearance of 91,64% was achieved due to a higher volume of mixed and shorter length wools being passed in.
The rand traded slightly weaker against the United States (US) dollar by 0,56%, with the market gaining 0,29% in US dollar terms. The Australian market shed some of its gains and closed at 1,71% (Australian dollar) down from their last sale on 29 April.
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 0,4% to close at R214,20/kg.
- 18,5 microns moved up by 1,6% to close at R204,58/kg.
- 19 microns gained 1% to close at R191,43/kg.
- 19,5 microns strengthened by 1,4% to close at R175,98/kg.
- 20 microns was 1,4% stronger to close at R159,21/kg.
- 20,5 microns won 0,6% to close at R153,85/kg.
- 21 microns recovered 0,5% to close at R150,89/kg.
- 21,5 microns tumbled by -0,3% to close at R143,77kg.
- 22 microns rose 1,2% to close at R141,18/kg.
- 22,5 microns climbed by 2,% to close at R132,52/kg.
The next auction is scheduled for 19 May 2021, where approximately 13 028 bales will be on sale. – Press release, Cape Wools SA