1 minute read
13 Mar 2014
9:43 am

SA wool prices hold steady

Wool prices continued to hold steady at last week's price levels this week, Cape Wools said on Thursday.

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Company spokeswoman Lizelle Delport said Cape Wools’s Merino indicator remained unchanged to close at R114.81/kg (clean).

“This was a 12.6 percent increase on the opening sale and a 0.5 percent increase on the corresponding sale of the previous season.”

Delport said buyers reported decent competition for better style long-fleece wool, especially on the finer micron end.

She said it seemed the local market was following the international trend as the Australian market decreased by 1.1 percent.

A total of 8467 wool bales were offered, of which 98 percent was sold.

Major buyers were Standard Wool (2542 bales), Lempriere (1916), Modiano (1267), and Stucken & Co (1212).

An estimated 13,000 bales would be on offer at the next auction on the 26 March 2014.