The twelfth sale of the 2020/21 wool season took place this week, with an offering of 8 163 bales and an overall sales clearance of 96,2%. The wool market delivered a strong performance this week, increasing by 7,9% to close at R157,17/kg.
This was achieved despite the stronger South African rand, which traded 1,1% stronger against the United States (US) dollar and the wool market increasing by 9,13% in US dollar terms.
Sustainable wools attract strong competition
Australia’s first sale day of the week also delivered a good performance, with a 7,5% rise in the wool market. There was better market sentiment and strong competition for the fine Merino fleece wools on offer, with nearly 70% of the offering testing 20 microns and finer.
There was even stronger competition for the wools certified to be sustainable, which made up 28,4% of the Merino wools on offer and 18,6% of all wool sold during the auction.
The major buyers on sale were Modiano SA, Lempriere SA, Standard Wool SA and Stucken & Co.
Average price per micron category
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 5,7% to close at R193,53/kg.
- 18,5 microns moved 6,8% up to close at R182,11/kg.
- 19 microns gained 6,6% to close at R170,76/kg.
- 19,5 microns strengthened by 8,7% to close at R161,50/kg.
- 20 microns was 8,8% stronger to close at R154,02/kg.
- 20,5 microns won 9,7% to close at R149,32/kg.
- 21 microns recovered 10,9% to close at R150,44/kg.
- 21,5 microns improved by 6,8% to close at R142,87kg.
- 22 microns rose 4,6% to close at R137,43/kg.
- 22,5 microns climbed by 4,6% to close at R141,40/kg.
The next auction is scheduled for 11 November 2020 where approximately 11 020 bales will be on sale. – Cape Wools SA