Agro-processing News South Africa

Subscribe to industry newsletters

Search jobs

Wool market trades higher

The wool market ended higher at this weeks' auction, with the Cape Wools Merino Indicator increasing by 2,7% and by 578 points to close at a value of R221,02 (clean). The Australian EMI gained 0,2% this week. The Cape Wools All Wool Indicator gained 2,7%.
Wool market trades higher
©Jane White via 123RF

A few bales short of 10,000 went under the hammer at the Wool Exchange today. This week echoed last week’s sales with long, well-grown merino wools competing very well. There is some concern from the buying house about the lack of good wools that will be available over the next month.

This week saw the Rand at R13,88 against the US Dollar, and at R15,77 to the Euro.

The Rand was 1,3% weaker against the US Dollar and 1,0% weaker against the Euro compared with the average rate at the previous sale. The offering comprised 9 669 bales of which 95,6% was sold. Major traders were Standard Wool SA (2,807), G Modiano SA (2,441), Lempriere SA (1,671) and Tianyu SA (1,167).

The average clean prices for the selection in the different micron categories for good top-making (MF5), long fleeces were:

• 18 microns increased 1,3% to close at R246,15/kg;

• 18,5 microns moved 1,7% up to close at R246,24/kg;

• 19 microns gained 2,3% to close at R239,13/kg;

• 19,5 microns strengthened by 2,0% to close at R238,59/kg;

• 20 microns was 2,0% stronger to close at R231,60/kg;

• 20,5 microns increased 2,2% to close at R229,77/kg;

• 21,0 microns recovered 1,7% to close at R227,47/kg;

• 21,5 microns improved by 2,3% to close at R220,73/kg;

• 22 microns rose 2,3% to close at 215,79/kg;

• 22,5 microns gained 2,1% to close at R214,45/kg.

The next sale is scheduled for 30 January where there will be about 5 618 bales on sale.


AgriOrbit is a product of Centurion-based agricultural magazine publisher Plaas Media. Plaas Media is an independent agricultural media house. It is the only South African agricultural media house to offer a true 360-degree media offering to role-players in agriculture. Its entire portfolio is based on sound content of a scientific and semi-scientific nature.

Go to:

Let's do Biz