Strong Wool Market
published 20 Oct 2021

Port Elizabeth – The 2021/22 wool season continued today, with the 10th sale of the season taking place.

A total of 8 181 bales were on offer, with the majority of the offering comprising fine, longer length merino fleece wools. Nearly 40% of the offering consisted of certified sustainable wools.

Amidst the pressure of the stronger SA currency of 2,4% against the US$, the market delivered a solid performance, with the average market indicator gaining 2,2% from the previous sale, to close on R166,78 p/kg. The market returned a very positive 4,7% in US$ terms.

There was good competition from all the buying houses on today’s sale, with a very good overall sales clearance of 97,8%.

Nearly all micron categories delivered positive results, with RWS certified wools attracting good premiums, especially in the medium micron segment.

The Australian market also performed well this week, with a 3.48% (AU$) rise in the market indicator from the previous sale on 13 October.

The major buyers on today’s sale were: Lempriere SA (2 081), Modiano SA (1 995), Tianyu SA (1 215) and Standard Wool SA (1 117).

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 0,8% to close at R242,71/kg; 18,5 microns moved 2,4% down to close at R215,53/kg; 19 microns gained 4,1% to close at R208,96/kg; 19,5 microns strengthened by 2,8% to close at R182,49/kg; 20 microns was 4,5% stronger to close at R166,99/kg; 20,5 microns won 2,9% to close at R162,91/kg; 21,0 microns recovered 4,6% to close at R164,34/kg; 21,5 microns improved by 3,1% to close at R158,88kg; 22 microns rose 2,4% to close at R137,79/kg and 22,5 microns climbed by 6,9% to close at R150,98/kg.

The next auction is scheduled for 27 October 2021 where approximately ±8 059 bales will be on sale.

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Port Elizabeth
South Africa

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