Wool Market Improves
published 05 May 2021

Cape Wools Weekly Market Report

Port Elizabeth – A smaller volume of 5 966 bales were on offer on the 31st wool sale of the 2020/21 selling season.

The market delivered mixed results amongst the micron categories, but ultimately closed up 0.9% from the previous sale on R164.14 p/kg.

The offering consisted predominantly of fine micron merino wools, with 14% of the merino wools on offer being certified as sustainable. Although the longer length merino wools achieved good results, a lower overall sales clearance of 91,64% was achieved due to a higher volume of mixed and shorter length wools being passed in.
The rand traded slightly weaker against the US$ by 0,56%, with the market gaining 0,29% in US$ terms.

The Australian market shed some of its' gains and closed 1,71% (AU$) down from their last sale on Thursday, 29 April.

The major buyers on today’s sale were: Modiano SA (1 462), Standard Wool SA (1 313), Lempriere SA (1 026) and Stucken & Co (708).

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 0,4% to close at R214,20/kg; 18,5 microns moved 1,6% up to close at R204,58/kg; 19 microns gained 1,0% to close at R191,43/kg; 19,5 microns strengthened by 1,4% to close at R175,98/kg; 20 microns was 1,4% stronger to close at R159,21/kg; 20,5 microns won 0,6% to close at R153,85/kg; 21,0 microns recovered 0,5% to close at R150,89/kg; 21,5 microns tumbled by -0,3% to close at R143,77kg; 22 microns rose 1,2% to close at R141,18/kg and 22,5 microns climbed by 2,0% to close at R132,52/kg.

The next auction is scheduled for 19 May 2021 where approximately ± 13 028 bales will be on sale.

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