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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

2019/2020

2018/2019

 

SA

EMI

SA

EMI

First Sale

1

14770

1365

23829

2089

This Sale

32

14566

1134

20598

1864

Prev Sale

31

14436

1114

20225

1928

Low

 

14233

1110

20225

1768

High

 

18482

1609

25382

2101

Ave

 

16539

1439

21830

1936

HIGHEST PRICES

Sale

Broker

Producer

Type

Micron

Price

10

BKB

KLEINHEUWEL TRUST

MF280

16.60

16510

11

BKB

VLEIPLAAS TRUST

ML270

16.50

16240

11

BKB

DH CURRIE FARMING TRUST

ML170

16.70

16210

10

BKB

NK BRADFIELD

ML170

16.60

16000

SA vs AUS MICRON PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

32

0994

0959

0975

0955

18.5

32

0922

0923

0904

0927

19

32

0884

0883

0877

0870

19.5

32

0856

0856

0847

0864

20

32

0852

0843

0827

0823

20.5

32

0835

0835

0829

0827

21

32

0831

0802

0822

0853

21.5

32

0848

0814

0838

0864

22

32

0832

0810

0806

0924

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2019/2020

 

 

 

 

First Sale

1

14.8004

16.3545

10.0896

This Sale

32

17.0281

19.2276

11.8276

Prev Sale

31

17.1876

19.2951

11.8689

2018/2019

 

 

 

 

First Sale

1

14.4856

15.5184

10.4623

This Sale

32

14.2518

15.9553

9.86105

Prev Sale

31

14.3632

16.0744

10.0704

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