Wool season ends on a high note

241

The 2019/20 wool season drew to a close on a positive note, with 9 753 bales offered and 94,1% of the offering sold. The wool market closed 0,9% (130 points) up at a value of R145,66/kg for clean wool. The Australian EMI moved 1,8% up this week.

Read it in Afrikaans.

The rand traded 0,9% stronger against the US dollar and 0,3% stronger against the euro, compared with the average rate at the previous sale. The market improved by 1,9% in US dollar terms.

Sustainably certified wools attracted better competition

The market started off sluggish on the first day but showed some good gains on the second day to close 0,9% up from the previous sale.

The currency fluctuated during the sale, but eventually traded 0,9% stronger against the US dollar, resulting in a 1,9% market gain in US dollar terms.

The Australian market also started off slightly lower on 7 July but picked up towards the end of the week. There were some good quality merino fleece wools on offer, which attracted strong competition from the buying houses, especially in the broader micron categories, with sustainably certified wools continuing to attract better competition.

The major buyers on the sale were Standard Wool SA, Modiano SA, Stucken & Co and Lempriere SA.

Average price per 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 decreased 2% to close at R167,48/kg.
  • 18,5 microns moved 0,4% up to close at R159,12/kg.
  • 19 microns gained 0,3% to close at R152,40/kg.
  • 19,5 microns strengthened by 1,9% to close at R150,01/kg.
  • 20 microns was 0,2% stronger to close at R146,69/kg.
  • 20,5 microns won 0,3% to close at R144,02/kg.
  • 21 microns recovered 1,3% to close at R144,74/kg.
  • 21,5 microns tumbled by 1% to close at R144,34kg.
  • 22 microns fell 1,5% to close at R140,90/kg.
  • 22,5 microns climbed by 1,7% to close at R137,85/kg. – Cape Wools SA