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Cape Wools Weekly Market Report Port Elizabeth - The last wool sale before the Christmas recess took place today, with a large offering of 13 791 bales, of which 60% consisted of fine micron merino wools

A large volume of 4 574 bales were withdrawn prior to the sale, with a very good sales clearance of 98,2 % achieved on the bales actually offered. After a slow start on the first day, the market improved throughout the sale to close 1,6% up to close on R144,33p/kg. The Australian market also started off in the red on the first day, but experienced better demand on the second day of the sale, to close 1,04% (AU$) down for the week.

The rand traded slightly weaker by 0,3% from the previous week, resulting in a 1,29% gain in the market in US$ terms. All micron categories experienced good competition from the buying houses and ended in positive territory, with the very fine and medium micron, long merino fleece wools attracting the most attention. Sustainable certified wools comprised 37,5% of the merino wools on offer and continued to outperform the market, especially in the medium micron segment.

The major buyers on today's sale were: Lempriere SA (3 698), Modiano SA (3 131), Standard Wool SA (2 398) and Tianyu SA (1 994). 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 2,6% to close at R180,55/kg; 18,5 microns moved 0,8% up to close at R168,36/kg; 19 microns gained 1,1% to close at R158,15/kg; 19,5 microns strengthened by 0,5% to close at R149,17/kg; 20 microns was 1,9% stronger to close at R141,06/kg; 20,5 microns won 0,3% to close at R135,00/kg; 21,0 microns recovered 1,6% to close at R135,66/kg; 21,5 microns improved by 0,8% to close at R133,43kg; 22 microns rose 2,9% to close at R128,39/kg and 22,5 microns climbed by 1,0% to close at R121,79/kg. The next auction is scheduled for 13 January 2021. Key Indicators SA Merino .

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

23

16744

1310

17789

1521

Prev Sale

22

16576

1315

17909

1562

Low

 

11858

858

14233

1110

High

 

16971

1315

18482

1609

Ave

 

14545

1127

17320

1553

HIGHEST PRICES

Sale

Broker

Producer

Type

Micron

Price

18

BKB

HJ KRUGER

ML160

15.40

21000

18

BKB

HJ KRUGER

ML160

15.20

20800

22

CMW

PWB UYS BOERDERY

ML355

16.20

19900

18

BKB

HJ KRUGER

MF170

15.90

19510

 

SA vs AUS MICRON PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

23

1469

1400

1432

1459

18.5

23

1402

1338

1364

1365

19

23

1329

1268

1282

1293

19.5

23

1260

1177

1209

1156

20

23

1169

1104

1115

1102

20.5

23

1075

1082

1034

1043

21

23

1073

1025

1047

0994

21.5

23

1053

0998

1020

0986

22

23

0970

0905

0943

0977

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2020/2021

 

 

 

 

First Sale

1

14.8004

16.3545

10.0896

This Sale

23

14.5096

17.6321

11.4806

Prev Sale

22

14.7057

17.7431

11.3915

2019/2020

 

 

 

 

First Sale

1

14.8004

16.3545

10.0896

This Sale

23

17.3282

18.758

10.5069

Prev Sale

22

16.4036

18.4519

10.1636

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