Prices of most long fleece wools were down with 19 microns dropping the most in the wake of lack lustre demand for this particular micron range. The rand, at R8,88 to the US dollar, had devalued by another 0,7% compared with last week’s average rate. At R11, 82, it was 1% weaker against the euro.
Major buyers were Stucken & Co (2 679 bales), Lempriere SA (2 200 bales), Standard Wool SA (2 007 bales), and Modiano SA (1 711 bales).
Wool receivals at brokers’ stores to date are up by almost 10% on the corresponding period last season. A possible reason is that a number of producers brought forward their shearing dates in order to sell their wool at the higher price levels.
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns dropped by 1,2% to R123,87/kg, 18,5 microns were up a marginal 0,3% at R123,14/kg, 19 microns were 3% cheaper to close at R118,12/kg, 19,5 microns weakened by 1,6% to R115,64/kg, 20 microns shed 1,4% at R111,39/kg, 20,5 microns dropped 1,6% to R109,87/kg, 21 microns shed 1,7% at R109,60/kg, 21,5 microns were 2% cheaper at R108,13/kg, and 22 microns shed 1% to close at R107,97/kg.
Approximately 8 000 bales will be offered at next week’s sale.
CapeWools
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