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Cape Wools Weekly Market Report

Port Elizabeth – The 2020/21 wool season ended on a positive note this week, with a 1,5% increase in the average market indicator, to close on R162.68 p/kg.

A total of 12 896 bales were on offer, with an overall sales clearance of 95,3%

The bulk of the offering consisted of merino wools, with 55% of the offering testing 20 micron and finer. The sale started off sluggish, but improved competition on the second day drove prices upward across all micron categories.

The finer micron merino fleece wools and certified sustainable wools once again attracted better competition and outperformed the market. The better market conditions translated into a rise of 2,94% in US$ terms, with the SA Rand trading 1,4% stronger against the US$.

The Australian market also experienced solid gains this week and closed up 3.7% (AU$) from the previous week. The major buyers on today’s sale were: Standard Wool SA (3 773), Lempriere SA (3 033), Modiano SA (2 316) and Stucken & Co (1 532). 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 increased 2,5% to close at R221,69/kg; 18,5 microns moved 4,1% up to close at R211,89/kg; 19 microns gained 1,0% to close at R189,72/kg; 19,5 microns strengthened by 0,4% to close at R171,86/kg; 20 microns was 0,7% stronger to close at R156,15/kg; 20,5 microns won 1,0% to close at R150,29/kg; 21,0 microns /recovered 1,3% to close at R147,49/kg; 21,5 microns improved by 0,6% to close at R143,48kg; 22 microns rose 0,4% to close at R137,63/kg and 22,5 microns climbed by 1,7% to close at R131,78/kg. The next auction is scheduled for 11 August 2021..

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

34

16268

1393

14566

1134

Prev Sale

33

16022

1343

14566

1134

Low

 

11858

858

14233

1110

High

 

17263

1393

18482

1609

Ave

 

15106

1185

16612

1448

HIGHEST PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

34

1638

1582

1493

1589

18.5

34

1566

1461

1409

1429

19

34

1402

1429

1313

1331

19.5

34

1270

1210

1191

1174

20

34

1154

1102

1096

1050

20.5

34

1111

1068

1048

1049

21

34

1090

1017

1027

1079

21.5

34

1060

0988

1005

0990

22

34

1017

0993

0972

1049

Highest Prices: Season to Date

Sale

Broker

Producer

Type

Micron

Price

24

BKB

ZUURBRON BOERDEY (PTY) LTD

ML260

15.60

24000

24

CMW

DIE KERNEELS GREYLING TRUST

MF280

15.40

23000

33

BKB

NC PRINGLE

ML270

15.90

22000

24

CMW

DIE KERNEELS GREYLING TRUST

MF270

15.60

22000

34

BKB

CH WAGENAAR

ML160

16.40

22000

24

CMW

DIE KERNEELS GREYLING TRUST

MA270

16.10

21620

29

BKB

GMC ORPEN

MF260

15.00

21480

24

CMW

DIE KERNEELS GREYLING TRUST

MA365

15.50

21410

24

CMW

DIE KERNEELS GREYLING TRUST

MF265

14.90

21310

24

CMW

DIE KERNEELS GREYLING TRUST

ML380

16.10

21300

 

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2020/2021

 

 

 

 

First Sale

1

14.8004

16.3545

10.0896

This Sale

34

13.5318

16.4623

10.4603

Prev Sale

33

14.8075

16.5144

10.2450

2019/2020

 

 

 

 

First Sale

1

14.8004

16.3545

10.0896

This Sale

34

17.0281

19.2276

11.8276

Prev Sale

33

17.0281

19.2276

11.8276

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