The wool market remained almost unchanged at this weeks’ auction and the Cape Wools Merino Indicator decreased by 0,6% and by 124 points to close at a value of R215.24 for clean wool. The Australian EMI gained 0,6% this week. The Cape Wools All Wool Indicator fell by 0,2%. The market maintained its levels when compared to last week despite a large offering of about 13 000 bales.
The inferior wools were slightly easier whereas the longer, well grown wools were keenly sought after and were dearer on the day. There were a few RWS (Responsible Wool Standard) certified clips on offer and they attracted premiums over similarly styled wools.
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 increased 1,1% to close at R242,92/kg;
- 18,5 microns moved 1,3% up to close at R242,19/kg;
- 19 microns gained 1,2% to close at R233,85/kg;
- 19,5 microns strengthened by 1,6% to close at R233,84/kg;
- 20 microns was 0,3% weaker to close at R227,00/kg;
- 20,5 microns lost 0,6% to close at R224,84/kg;
- 21,0 microns lost 0,3% to close at R223,76/kg;
- 21,5 microns tumbled by 0,6% to close at R215,73/kg;
- 22 microns fell 1,3% to close at 211,03/kg and
- 22,5 microns declined by 2,2% to close at R210,01/kg.
The next sale is scheduled for 23 January where about 8 931 bales will be on sale. – Market report