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Port Elizabeth – The 2019/20 wool season drew to a close on a positive note today, with 9 753 bales offered and 94,1 % of the offering sold

The wool market closed 0,9% (130 points) up at a value of R145,66 c/kg (Clean).

The Australian EMI moved 1,8% up this week.

This week saw the Rand at 0,9% stronger against the US Dollar and 0,3% stronger against the Euro, compared with the average rate at the previous sale.

The market improved by 1,9% in US Dollar terms. The market started off sluggish on the first day but showed some good gains on the second day to close 0,9% up from the previous sale. The currency fluctuated during the sale, but eventually traded 0,9% stronger against the US$, also resulting in a 1,8% market gain in US$ terms. The Australian market also started off slightly lower on Tuesday but showed strong gains today.

There were some good quality merino fleece wools on offer, which attracted strong competition from the buying houses, especially in the broader micron categories, with sustainably certified wools continuing to attract better competition. The major buyers on today’s sale were: Standard Wool SA (2 595), Modiano SA (2 324), Stucken & Co (1 975) and Lempriere SA (1 385).

The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18,0 microns decreased 2,0% to close at R167,48/kg; 18,5 microns moved 0,4% up to close at R159,12/kg; 19 microns gained 0,3% to close at R152,40/kg; 19,5 microns strengthened by 1,9% to close at R150,01/kg; 20 microns was 0,2% stronger to close at R146,69/kg; 20,5 microns won 0,3% to close at R144,02/kg; 21,0 microns recovered 1,3% to close at R144,74/kg; 21,5 microns tumbled by 1,0% to close at R144,34kg; 22 microns fell 1,5% to close at R140,90/kg and 22,5 microns climbed by 1,7% to close at R137,85/kg. .

Cape Wools Merino Indicator
SA vs AUS INDICATORS

Item

Sale

2020/2021

2019/2020

 

SA

EMI

SA

EMI

First Sale

1

13738

1004

14770

1365

This Sale

4

11991

890

16760

1558

Prev Sale

3

17231

1609

1609

1609

Low

 

11858

858

14233

1110

High

 

13738

1004

18482

1609

Ave

 

12689

920

16280

1517

HIGHEST PRICES

Sale

Broker

Producer

Type

Micron

Price

1

BKB

EE GREEFF BOERDERY BK

ML260

16.40

14900

1

CMW

JP DE VILLIERS

MF170

16.30

14600

1

CMW

T BARRY FARMING (PTY) LTD

ML350

15.80

14400

1

BKB

EE GREEFF BOERDERY BK

ML260

17.00

14120

 

SA vs AUS MICRON PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

4

0916

0865

0902

0848

18.5

4

0838

0799

0820

0767

19

4

0778

0746

0776

0725

19.5

4

0730

0706

0732

0684

20

4

0731

0698

0724

0660

20.5

4

0721

0678

0705

0651

21

4

0707

0669

0707

0653

21.5

4

0713

0652

0709

0623

22

4

0671

0637

0672

0593

 

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2020/2021

 

 

 

 

First Sale

1

17.4070

20.4759

12.4197

This Sale

4

16.8103

19.7775

12.1533

Prev Sale

3

16.7128

19.6019

12.2597

2019/2020

 

 

 

 

First Sale

1

15.0133

16.3545

10.0896

This Sale

4

15.3062

16.7227

10.2375

Prev Sale

3

15.0133

16.4261

10.1471

 

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