MAINNational Wool Market Report

Season: 2023/24
Catalogue: 34
Date: 5/06/2024
Port Elizabeth

Tel: +27 41 484 4301
Email: stats@capewools.co.za
Website: www.capewools.co.za
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The final sale of the 2023/24 wool season took place this week, with a larger offering of 11 604 bales.

Although 63% of the offering tested 20 micron and finer, only 40% of the offering consisted of long length wools. Sustainably certified wools comprised 63% of the merino wools on offer.

The season ended on a positive note, following the increase in the Australian market this week, further supported by a weaker SA currency.

There was good demand for the longer length merino wools, achieving nearly a 100% clearance, with the non-merino wools ultimately dragging the overall sales clearance down to 95,4%.

The non- certified indicator rose by 2,7% to close on R153,05 p/kg, with the certified indicator gaining 2,6% to close on R170,05 p/kg.

The Australian market had another solid performance this week and gained 1,86% (AU$) from their previous sale held on Wednesday, 29 May.

The major buyers on this week's sale were Standard Wool SA (3 338), BKB Pinnacle Fibres (2 553), G Modiano SA (1 982) and Tianyu SA (1 395).

The first sale of the 2024/2025 wool season will take place on 21 August 2024.

 

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 15305 14905
2,7 %
ZAR/US$ 18,73 18,34
2,13 %
US c/kg Clean non-Certified 817 813
0,49 %
ZAR/Euro 20,31 19,91
2,04 %
Euro c/kg Clean non-Certified 754 749
0,67 %
ZAR/JPY¥ 8,33 8,56
2,69 %
SA c/kg Clean Certified 17005 16580
2,6 %
ZAR/UK Pound 23,87 23,40
2,01 %
US c/kg Clean Certified 908 904
0,44 %
USD/AUD 0,6630 0,6643
0,20 %
Euro c/kg Clean Certified 837 833
0,48 %
AWEX EMI c/kg Clean 1152 1131
1,86 %
* 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) - 202334
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 210,11 201,61 190,69 185,63 176,94 172,35 169,21 167,54 165,30 162,71 0,00
Certified Wool (R) Clean 221,98 210,34 198,95 193,91 187,35 182,01 176,11 172,51 169,46 167,69 166,50
% Difference
5,65 %
4,33 %
4,33 %
4,46 %
5,88 %
5,60 %
4,08 %
2,97 %
2,52 %
3,06 %
-
Merino Wool Indicator excluding Certified Certified Wools (R/kg Clean) 172,27
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.

 

* Certified Sustainable Wool (Bales)
% Share **
Total All Wool Merino Wool
Offered 6 716 54,2 % 64,4 %
Sold 6 636 55,3 % 63,5 %
* 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 (202234)
Turnover (R) 166 629 799 93 412 442 3 991 136 382 4 119 819 181
# Bales 11 081 6 384 274 456 271 727
Mass (kg) 1 725 924 1 012 745 42 586 957 42 272 217

 

Wool Receivals Declared (Greasy)
Current Season Mass (kg) Previous Season Mass (kg) % Change (Y-o-Y)
2023/24 46 047 437 2022/23 47 215 073
2,5 %

 

Offering Analysis (Bales)
Description Catalogue Offering Withdrawn before Sale Wool Offered Withdrawn during Sale Passed Not Sold Sold % Sold
BKB 6983 323 6 660 0 184 237 6 423 96,44 %
CMW 2243 56 2 187 53 0 0 2 134 97,58 %
JLW 467 0 467 0 0 0 467 100 %
MAS 1037 0 1 037 0 3 3 1 034 99,71 %
QWB 806 0 806 9 17 64 729 90,45 %
VLW 77 0 77 0 0 0 77 100 %
 
This Week 11613 379 11 234 62 204 304 10 864 96,71 %
Previous Week 7409 252 7 157 84 457 689 6 384 89,2 %

 

Buyer Purchases (Bales - Greasy)
Bales
Company This Sale % Share Bales (YTD)
Standard Wool SA 3 338 30,13 % 54 907
BKB Pinnacle Fibres 2 553 23,04 % 49 074
G Modiano SA 1 982 17,89 % 64 713
Tianyu SA 1 395 12,59 % 47 898
Stucken & Co 875 7,9 % 23 684
Lempriere SA 681 6,15 % 20 275
Segard Masurel SA 148 1,34 % 11 565
VBC Wool SA 108 0,97 % 2 222
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 4 593 4 500 97,98 % 2 765 2 689 97,25 % 149 139 147 844 99,13 %
Medium 5 083 4 913 96,66 % 2 849 2 632 92,38 % 95 471 93 438 97,87 %
Short 1 565 1 465 93,61 % 1 063 877 82,5 % 26 797 25 640 95,68 %
Mixed 353 193 54,67 % 462 176 38,1 % 17 919 6 977 38,94 %
Micron
Fine Wool: =< 20 Micron 7 224 7 124 98,62 % 4 095 3 997 97,61 % 190 368 182 848 96,05 %
Medium: 20.1 to 22 3 190 3 095 97,02 % 2 003 1 822 90,96 % 79 186 74 346 93,89 %
Strong: 22.1 to 24 752 567 75,4 % 691 363 52,53 % 14 222 12 515 88 %
Over Strong: > 24.1 438 295 67,35 % 368 202 54,89 % 6 137 4 747 77,35 %
Class
Fleeces 8 055 7 849 97,44 % 4 586 4 389 95,7 % 196 623 194 299 98,82 %
Bellies 1 348 1 252 92,88 % 764 661 86,52 % 27 510 26 841 97,57 %
Pieces 910 904 99,34 % 575 559 97,22 % 28 353 28 046 98,92 %
Locks 929 874 94,08 % 740 577 77,97 % 18 613 17 493 93,98 %
Other 362 202 55,8 % 492 198 40,24 % 18 814 7 777 41,34 %

 

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 240 466 519 778 623 550 354 259 105 112
Medium 467 721 607 675 561 553 292 182 106 95
Short 280 375 173 117 111 71 25 38 28 7
Mixed 0 0 1 1 25 5 11 0 14 4
Style (AWEX)
Style 4 & Better 202 290 339 493 487 487 312 170 49 58
Style 5 505 731 553 678 425 342 203 103 104 51
Style 6 248 494 346 307 255 154 86 125 53 89
Style 7 & Poorer 32 47 60 94 128 191 65 81 33 16

 

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 0,00 154,58 185,91 150,97 0,00 141,74 147,63 0,00 0,00 0,00 0,00
Certified 172,98 178,74 176,03 164,15 155,53 153,37 147,64 148,76 0,00 0,00 0,00
50 mm Non-Certified 0,00 180,84 187,42 178,81 165,49 174,96 0,00 0,00 147,00 0,00 0,00
Certified 206,46 196,50 192,25 182,20 172,12 171,42 165,47 156,27 159,29 155,41 0,00
60 mm Non-Certified 0,00 202,86 179,05 178,18 172,00 172,30 167,21 0,00 161,24 0,00 0,00
Certified 218,52 205,55 194,41 186,90 180,46 174,26 171,76 167,98 165,87 162,18 157,07
70 mm Non-Certified 205,20 210,32 192,75 182,31 181,33 176,91 168,98 166,39 161,16 163,56 0,00
Certified 221,82 213,35 197,07 186,96 184,90 181,77 174,49 172,55 168,57 168,27 163,56
80 mm Non-Certified 0,00 209,35 194,41 0,00 0,00 0,00 0,00 168,47 169,92 0,00 0,00
Certified 0,00 221,73 202,48 193,45 188,24 185,54 179,24 177,37 171,86 0,00 166,98
Merino Fleece, AWEX Style 5 - MF5
40 mm Non-Certified 160,28 164,20 157,92 157,56 145,12 130,45 143,24 147,49 0,00 106,83 0,00
Certified 168,19 163,37 162,95 155,21 162,71 156,37 150,09 140,07 135,17 0,00 0,00
50 mm Non-Certified 195,80 184,55 155,55 171,90 164,83 153,63 161,35 155,67 156,75 0,00 0,00
Certified 208,42 187,14 182,37 167,25 171,49 170,26 165,46 155,09 163,81 161,92 159,84
60 mm Non-Certified 203,46 198,80 185,67 175,68 172,72 161,00 164,80 166,12 160,47 161,88 0,00
Certified 212,73 201,31 190,77 186,47 178,84 173,70 168,61 168,01 164,58 162,07 156,61
70 mm Non-Certified 219,28 201,92 189,89 181,73 174,48 169,10 168,78 167,60 153,40 159,06 0,00
Certified 228,39 202,76 193,95 189,80 184,12 177,54 174,89 169,44 167,77 163,36 156,75
80 mm Non-Certified 0,00 212,82 193,77 181,60 179,96 168,05 169,37 168,14 164,76 165,36 157,52
Certified 0,00 199,47 196,04 195,38 185,71 179,15 177,43 170,17 168,03 159,69 0,00
Merino Fleece, AWEX Style 6 - MF6
40 mm Non-Certified 175,88 160,16 156,30 154,44 143,38 130,66 0,00 143,61 126,89 0,00 0,00
Certified 0,00 169,37 147,53 167,08 0,00 118,25 0,00 154,69 129,66 0,00 0,00
50 mm Non-Certified 0,00 150,85 160,05 161,03 155,29 159,27 156,62 149,35 0,00 130,87 0,00
Certified 188,73 0,00 173,02 169,80 172,84 0,00 0,00 163,98 151,32 0,00 157,67
60 mm Non-Certified 211,10 181,16 179,64 174,68 151,54 146,80 172,37 153,44 152,60 140,86 0,00
Certified 0,00 0,00 187,20 183,37 178,63 157,53 170,73 166,92 0,00 0,00 0,00
70 mm Non-Certified 0,00 0,00 181,24 171,66 170,56 146,87 150,45 162,10 164,86 153,78 0,00
Certified 0,00 198,22 0,00 184,76 185,72 0,00 170,09 0,00 0,00 0,00 0,00
80 mm Non-Certified 0,00 0,00 0,00 0,00 0,00 166,78 162,65 169,20 161,81 0,00 0,00
Certified 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
* Certified Sustainable Wool: Includes Responsible Wool Standard & Sustainable Cape Wool Standard.

 

Market Indicators

 

Market Indicators - South Africa and Australia

 

Micron Category Comparisons - South Africa VS Australia

 

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