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Wool prices move sideways

19 Apr 2012

Prices moved sideways in the wool market this week, with the Cape Wools indicator closing at R99.11/kg, down 0.3% compared with the previous sale.

However, Cape Wools noted this was still 18% higher than at the same sale last season.

Major buyers were Standard Wool SA (2,961 bales), Modiano SA (2,660 bales), Lempriere SA (2,399 bales), and Stucken & Co (1,329 bales).

Approximately 5,500 bales will come under the hammer at next week's sale.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za