The wool market ended the first half of the season virtually unchanged and the Cape Wools Merino Indicator increased by 0,1% and 14 points to close at a value of R207,85 for clean wool. The Australian EMI lost 0,8% this week. The Cape Wools All Wool Indicator gained 0,1%. The wool market eased again today on the back of a stronger rand and a slightly easier market in Australia.
There was good support for long, well- grown fleeces but the short wools continued to suffer due to changing fashion trends in China. The fluctuation of the rand continues to make trading difficult for the buying houses and the continuing drought makes things difficult for South African producers.
It is apparent that the market is looking for well- grown, long wools as well as proven sustainable clips. These clips are achieving a premium every week.
The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows:
- 18,0 microns decreased by 1,4% to close at R235,00/kg;
- 18,5 microns dropped by 1,1% to close at R234,79/kg;
- 19 microns lost 0,7% to close at R222,85/kg;
- 19,5 microns weakened by 0,5% to close at R222,84/kg;
- 20 microns was 0,5% weaker closing at R220,43/kg;
- 20,5 microns lost 0,7% to close at R218,88/kg;
- 21,0 microns lost 0,8% to close at R217,41/kg;
- 21,5 microns fell by 0,2% to close at R207,86/kg;
- 22 microns fell 1,1% to close at 204,92/kg and
- 22,5 microns declined by 0,9% to close at R204,61/kg.
The next sale is scheduled for 09 January 2019. – Market report