After a week’s recess in wool auctions, the 28th sale of the 2023/24 wool selling season took place this week, with a larger offering of 11 112 bales, after 401 bales were withdrawn prior to the sale.
Although less than half of the offering consisted of long length wools, nearly 70% of the offering tested 20 micron and finer, with 52,6% of the merino wools offered being certified as sustainable.
Although the market had to deal with the pressure from a stronger ZAR against all the major currencies, the market had a satisfactory performance, especially for the better quality merino fleece wools on offer and the market delivered positive results in US$ terms.
The good competition from the buying houses for the better quality wools resulted in an overall sales clearance of 92,5%.
The non-certified indicator eased by 1,2% to close on R147,35 p/kg, whilst the certified indicator closed down by 0,9% on R165,25 p/kg.
After an uncertain start in the Australian market on Tuesday, the market improved slightly on Wednesday, to close the week 0,3% (AU$) down from the previous sale held on Wednesday, 27 March.
The major buyers on the sale were G Modiano SA (2 298), BKB Pinnacle Fibres (1 939), Standard Wool SA (1 768) and Tianyu SA (1 656).
The next sale will take place on 24 April 2024 where approximately 11 184 bales will be on offer.
| Key Indicators |
| SA Merino Indicator |
Exchange Rates * |
| Indicator Unit |
This Sale |
Prior Sale |
% Change |
Currency |
This Sale |
Prior Sale |
% Change |
| SA c/kg Clean non-Certified |
14735 |
14911 |
1,2 % |
ZAR/US$ |
18,52 |
18,91 |
2,06 % |
| US c/kg Clean non-Certified |
796 |
789 |
0,89 % |
ZAR/Euro |
20,05 |
20,45 |
1,96 % |
| Euro c/kg Clean non-Certified |
735 |
729 |
0,82 % |
ZAR/JPY¥ |
8,16 |
8,01 |
1,87 % |
| SA c/kg Clean Certified |
16525 |
16679 |
0,9 % |
ZAR/UK Pound |
23,48 |
23,90 |
1,73 % |
| US c/kg Clean Certified |
892 |
882 |
1,13 % |
USD/AUD |
0,6582 |
0,6513 |
1,06 % |
| Euro c/kg Clean Certified |
824 |
816 |
0,98 % |
|
|
|
|
| AWEX EMI c/kg Clean |
1138 |
1142 |
0,35 % |
|
|
|
|
* Exchange rate values quoted above is based on an average of rate points recorded for the duration of the sale.
** Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
|
| Merino Fleece | MF4 & MF5 | VM < 1,6 | NKT > 28 | >67mm | Minimum of 3 Lots Sold |
| Percentage Difference Between All Non-Certified and Certified Merino Fleece Wools Sold (Average Price) - 202328 |
| Micron Category |
17.0 |
17.5 |
18.0 |
18.5 |
19.0 |
19.5 |
20.0 |
20.5 |
21.0 |
21.5 |
22.0 |
| Non-Certified Wool (R) Clean |
202,94 |
194,62 |
178,49 |
175,25 |
171,82 |
167,68 |
164,04 |
162,17 |
160,04 |
153,08 |
0,00 |
| Certified Wool (R) Clean |
205,61 |
200,95 |
191,95 |
185,47 |
176,62 |
171,49 |
168,39 |
165,72 |
163,01 |
161,77 |
158,73 |
| % Difference |
1,32 % |
3,25 % |
7,54 % |
5,83 % |
2,79 % |
2,27 % |
2,65 % |
2,19 % |
1,86 % |
5,68 % |
- |
| Merino Wool Indicator excluding Certified Certified Wools (R/kg Clean) |
165,25 |
|
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
|
| * Certified Sustainable Wool (Bales) |
|
|
% Share ** |
|
Total |
All Wool |
Merino Wool |
| Offered |
6 033 |
46 % |
52,6 % |
| Sold |
5 684 |
46,5 % |
49,1 % |
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
** Calculated on unique sustainable standard identifiers
|
| Sale Statistics (Greasy) |
|
This Sale |
Accumulative |
|
This Week |
Previous Week |
This Season |
Previous Season (202228) |
| Turnover (R) |
149 382 264 |
112 648 287 |
3 315 598 229 |
3 460 453 837 |
| # Bales |
10 279 |
7 547 |
227 229 |
229 370 |
| Mass (kg) |
1 623 581 |
1 199 645 |
35 130 570 |
35 492 888 |
| Wool Receivals Declared (Greasy) |
| Current Season |
Mass (kg) |
Previous Season |
Mass (kg) |
% Change (Y-o-Y) |
| 2023/24 |
40 979 945 |
2022/23 |
42 876 791 |
4,4 % |
| Offering Analysis (Bales) |
| Description |
Catalogue Offering |
Withdrawn before Sale |
Wool Offered |
Withdrawn during Sale |
Passed |
Not Sold |
Sold |
% Sold |
| BKB |
6997 |
177 |
6 820 |
151 |
279 |
403 |
6 266 |
91,88 % |
| CMW |
2912 |
19 |
2 893 |
172 |
63 |
86 |
2 635 |
91,08 % |
| JLW |
123 |
0 |
123 |
0 |
2 |
3 |
120 |
97,56 % |
| MAS |
1481 |
205 |
1 276 |
0 |
9 |
18 |
1 258 |
98,59 % |
| QWB |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
NaN % |
| VLW |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
NaN % |
| |
| This Week |
11513 |
401 |
11 112 |
323 |
353 |
510 |
10 279 |
92,5 % |
| Previous Week |
8414 |
256 |
8 158 |
170 |
200 |
296 |
7 692 |
94,29 % |
| Buyer Purchases (Bales - Greasy) |
|
Bales |
| Company |
This Sale |
% Share |
Bales (YTD) |
| G Modiano SA |
2 298 |
22,36 % |
55 393 |
| BKB Pinnacle Fibres |
1 939 |
18,87 % |
37 076 |
| Standard Wool SA |
1 768 |
17,21 % |
44 315 |
| Tianyu SA |
1 656 |
16,12 % |
41 358 |
| Stucken & Co |
1 072 |
10,43 % |
19 240 |
| Lempriere SA |
1 012 |
9,85 % |
17 721 |
| Segard Masurel SA |
477 |
4,64 % |
10 181 |
| VBC Wool SA |
54 |
0,53 % |
1 827 |
| |
0 |
0 % |
0 |
| Sale Analysis (Length, Micron & Class - Bales) |
|
This Sale |
Previous Sale |
Accumulative |
|
Offered |
Sold |
% Sold |
Offered |
Sold |
% Sold |
Offered |
Sold |
% Sold |
| All Wool |
|
|
|
|
|
|
|
|
|
| Length |
|
|
|
|
|
|
|
|
|
| Long |
5 466 |
5 234 |
95,76 % |
4 151 |
3 901 |
93,98 % |
130 270 |
128 745 |
98,83 % |
| Medium |
4 213 |
3 825 |
90,79 % |
2 912 |
2 726 |
93,61 % |
74 824 |
72 988 |
97,55 % |
| Short |
1 240 |
1 140 |
91,94 % |
951 |
890 |
93,59 % |
20 176 |
19 139 |
94,86 % |
| Mixed |
189 |
77 |
40,74 % |
183 |
30 |
16,39 % |
15 547 |
5 861 |
37,7 % |
| Micron |
|
|
|
|
|
|
|
|
|
| Fine Wool: =< 20 Micron |
7 688 |
7 264 |
94,48 % |
5 439 |
5 162 |
94,91 % |
157 729 |
151 273 |
95,91 % |
| Medium: 20.1 to 22 |
2 756 |
2 537 |
92,05 % |
1 962 |
1 830 |
93,27 % |
66 292 |
61 863 |
93,32 % |
| Strong: 22.1 to 24 |
394 |
292 |
74,11 % |
541 |
371 |
68,58 % |
12 123 |
10 393 |
85,73 % |
| Over Strong: > 24.1 |
274 |
186 |
67,88 % |
255 |
184 |
72,16 % |
5 203 |
3 700 |
71,11 % |
| Class |
|
|
|
|
|
|
|
|
|
| Fleeces |
7 609 |
7 122 |
93,6 % |
5 888 |
5 547 |
94,21 % |
164 582 |
162 150 |
98,52 % |
| Bellies |
1 103 |
1 040 |
94,29 % |
726 |
689 |
94,9 % |
21 749 |
21 178 |
97,37 % |
| Pieces |
1 315 |
1 218 |
92,62 % |
742 |
716 |
96,5 % |
24 108 |
23 771 |
98,6 % |
| Locks |
882 |
808 |
91,61 % |
658 |
565 |
85,87 % |
14 577 |
13 545 |
92,92 % |
| Other |
203 |
91 |
44,83 % |
183 |
30 |
16,39 % |
16 331 |
6 585 |
40,32 % |
| Analysis of Bales Sold (Micron, Length & Style) |
|
<=18.0 |
18.5 |
19.0 |
19.5 |
20.0 |
20.5 |
21.0 |
21.5 |
22.0 |
>=22.5 |
| Length |
|
| Long |
329 |
547 |
682 |
989 |
982 |
637 |
278 |
129 |
77 |
54 |
| Medium |
364 |
458 |
591 |
594 |
544 |
340 |
238 |
96 |
72 |
43 |
| Short |
223 |
239 |
209 |
79 |
82 |
39 |
21 |
27 |
8 |
8 |
| Mixed |
0 |
0 |
0 |
0 |
0 |
0 |
8 |
5 |
3 |
0 |
| Style (AWEX) |
|
| Style 4 & Better |
142 |
194 |
263 |
387 |
447 |
320 |
121 |
20 |
13 |
9 |
| Style 5 |
437 |
540 |
653 |
625 |
551 |
349 |
214 |
114 |
47 |
29 |
| Style 6 |
300 |
409 |
463 |
565 |
478 |
218 |
111 |
87 |
71 |
55 |
| Style 7 & Poorer |
31 |
101 |
103 |
85 |
132 |
129 |
91 |
31 |
26 |
12 |
| Average price of Wool Sold (Micron, Style & Length - Clean) |
|
|
17.0 |
17.5 |
18.0 |
18.5 |
19.0 |
19.5 |
20.0 |
20.5 |
21.0 |
21.5 |
22.0 |
| Merino Fleece, AWEX Style 4 - MF4 |
| 40 mm |
Non-Certified |
180,98 |
168,66 |
160,71 |
0,00 |
145,22 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
| Certified |
179,21 |
166,37 |
159,83 |
160,00 |
152,68 |
144,86 |
132,13 |
143,56 |
0,00 |
0,00 |
0,00 |
| 50 mm |
Non-Certified |
200,03 |
0,00 |
170,75 |
0,00 |
0,00 |
158,85 |
155,06 |
0,00 |
0,00 |
0,00 |
0,00 |
| Certified |
193,99 |
184,15 |
179,39 |
169,88 |
163,89 |
162,19 |
157,73 |
152,01 |
152,50 |
0,00 |
0,00 |
| 60 mm |
Non-Certified |
0,00 |
0,00 |
0,00 |
171,82 |
166,60 |
167,09 |
163,35 |
0,00 |
152,64 |
148,66 |
0,00 |
| Certified |
203,66 |
193,93 |
185,38 |
177,65 |
173,19 |
168,10 |
163,77 |
161,11 |
158,84 |
0,00 |
158,22 |
| 70 mm |
Non-Certified |
201,83 |
0,00 |
187,29 |
173,94 |
171,21 |
168,39 |
163,69 |
162,37 |
159,73 |
0,00 |
0,00 |
| Certified |
210,09 |
201,96 |
203,53 |
185,68 |
176,23 |
171,10 |
168,41 |
167,55 |
161,96 |
0,00 |
156,79 |
| 80 mm |
Non-Certified |
0,00 |
0,00 |
0,00 |
0,00 |
172,76 |
0,00 |
165,42 |
161,42 |
0,00 |
0,00 |
0,00 |
| Certified |
209,83 |
0,00 |
210,62 |
0,00 |
173,78 |
171,53 |
170,91 |
167,32 |
0,00 |
0,00 |
0,00 |
| Merino Fleece, AWEX Style 5 - MF5 |
| 40 mm |
Non-Certified |
170,91 |
167,80 |
165,22 |
141,86 |
144,02 |
139,11 |
126,88 |
132,00 |
127,75 |
0,00 |
0,00 |
| Certified |
174,71 |
166,60 |
163,47 |
156,23 |
148,15 |
145,59 |
140,90 |
130,45 |
0,00 |
0,00 |
113,48 |
| 50 mm |
Non-Certified |
0,00 |
178,72 |
162,47 |
160,76 |
155,71 |
157,27 |
150,50 |
146,45 |
0,00 |
117,81 |
0,00 |
| Certified |
198,04 |
182,52 |
182,42 |
163,18 |
162,71 |
153,30 |
154,01 |
150,17 |
151,26 |
0,00 |
0,00 |
| 60 mm |
Non-Certified |
201,89 |
190,54 |
184,00 |
170,74 |
166,23 |
158,34 |
158,06 |
154,01 |
152,92 |
157,18 |
0,00 |
| Certified |
198,48 |
192,40 |
180,60 |
173,34 |
168,74 |
165,61 |
162,53 |
159,66 |
155,01 |
154,69 |
141,31 |
| 70 mm |
Non-Certified |
199,37 |
185,05 |
181,05 |
168,93 |
168,66 |
165,09 |
158,12 |
153,94 |
156,91 |
150,64 |
150,10 |
| Certified |
207,66 |
191,10 |
187,02 |
179,22 |
175,82 |
171,22 |
165,29 |
163,46 |
161,90 |
162,41 |
155,05 |
| 80 mm |
Non-Certified |
0,00 |
0,00 |
184,61 |
171,89 |
171,30 |
167,14 |
157,72 |
155,51 |
0,00 |
152,22 |
0,00 |
| Certified |
0,00 |
196,65 |
194,53 |
182,08 |
177,47 |
172,10 |
165,76 |
167,01 |
160,41 |
158,91 |
0,00 |
| Merino Fleece, AWEX Style 6 - MF6 |
| 40 mm |
Non-Certified |
164,36 |
160,35 |
156,62 |
149,59 |
150,03 |
140,97 |
123,89 |
0,00 |
125,21 |
0,00 |
0,00 |
| Certified |
164,41 |
0,00 |
0,00 |
149,20 |
152,15 |
140,78 |
129,09 |
132,21 |
127,64 |
0,00 |
0,00 |
| 50 mm |
Non-Certified |
170,64 |
169,70 |
163,01 |
152,85 |
136,73 |
155,15 |
147,17 |
139,40 |
136,82 |
143,79 |
0,00 |
| Certified |
0,00 |
0,00 |
175,19 |
155,92 |
162,14 |
161,84 |
0,00 |
154,20 |
0,00 |
0,00 |
0,00 |
| 60 mm |
Non-Certified |
192,12 |
183,27 |
167,33 |
145,02 |
150,26 |
132,69 |
128,35 |
130,40 |
128,58 |
0,00 |
0,00 |
| Certified |
205,39 |
192,03 |
179,86 |
174,64 |
172,75 |
163,76 |
0,00 |
0,00 |
0,00 |
0,00 |
126,15 |
| 70 mm |
Non-Certified |
191,71 |
190,98 |
172,82 |
158,70 |
168,32 |
154,46 |
141,37 |
134,49 |
0,00 |
138,98 |
0,00 |
| Certified |
192,01 |
0,00 |
0,00 |
178,88 |
168,14 |
160,51 |
158,53 |
161,39 |
0,00 |
150,28 |
0,00 |
| 80 mm |
Non-Certified |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
156,36 |
155,82 |
0,00 |
0,00 |
0,00 |
150,21 |
| Certified |
0,00 |
0,00 |
0,00 |
0,00 |
0,00 |
173,81 |
166,25 |
163,16 |
0,00 |
0,00 |
0,00 |
|
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.
|
| Market Indicators - South Africa and Australia |
|
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| Micron Category Comparisons - South Africa VS Australia |
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