The 2020/21 wool season resumed in Port Elizabeth this week, with a large offering of 11 533 bales. The wool market kicked off on an extremely positive note and traded 5,5% up from the previous sale held on 2 December, to close at R152,25/kg.
A total of 775 bales were withdrawn prior to the sale and a good sales clearance of 97,35 % was achieved on those offered. Nearly 65% of the offering comprised non-merino wools, with 71,5% testing 20 microns and finer.
Sustainable wools are top of the list
There was good participation from all the buying houses and excellent competition for the finer micron and wools certified to be sustainable, with sustainably produced wools making up 16% of the merino wools sold.
The Australian market increased by 1,3% in Australian dollar terms this week, compared with the last sale held on 16 December 2020. The rand traded variably throughout the sale to close at 0,2% weaker from the last sale, with the market returning a 5,28% increase in United States (US) dollar terms.
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 increased 5,8% to close at R191,02/kg.
- 18,5 microns moved up with 7,6% to close at R181,19/kg.
- 19 microns gained 5,7% to close at R167,16/kg.
- 19,5 microns were strengthened by 6,2% to close at R158,41/kg.
- 20 microns was 6,6% stronger to close at R150,41/kg.
- 20,5 microns won 3,9% to close at R140,33/kg.
- 21 microns recovered 5,7% to close at R143,45/kg.
- 21,5 microns improved by 6,1% to close at R141,58kg.
- 22 microns rose 4,2% to close at R133,79/kg.
- 22,5 microns climbed by 8,5% to close at R132,18/kg.
The next auction is scheduled for 20 January 2021. – Press release, Cape Wools SA