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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

14770

1004

14770

1365

This Sale

12

15717

1223

16941

1555

Prev Sale

11

14560

1138

17464

1574

Low

 

11858

858

14233

1110

High

 

15717

1223

18482

1609

Ave

 

13597

1027

16895

1541

HIGHEST PRICES

Sale

Broker

Producer

Type

Micron

Price

12

BKB

DEWING FARMS (PTY) LTD

MF070

15.70

18290

12

BKB

DEWING FARMS (PTY) LTD

MF080

15.80

18250

9

BKB

JOHN STRETTON FARMING CC

ML170

16.80

18200

9

BKB

JOHN STRETTON FARMING CC

ML160

16.00

17800

SA vs AUS MICRON PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

12

1200

1163

1123

1062

18.5

12

1129

1060

1046

0995

19

12

1059

1031

0982

0942

19.5

12

1001

0984

0911

0891

20

12

0955

0948

0868

0846

20.5

12

0926

0902

0835

0828

21

12

0933

0902

0832

0818

21.5

12

0886

0919

0820

0813

22

12

0852

0887

0805

0802

 

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2020/2021

 

 

 

 

First Sale

1

17.4070

20.4759

12.4197

This Sale

12

16.1281

18.8340

11.5821

Prev Sale

11

16.3050

19.1603

11.5923

2019/2020

 

 

 

 

First Sale

1

14.8004

15.5184

10.0896

This Sale

12

14.7529

16.0445

10.0168

Prev Sale

11

14.3839

16.2321

10.0168

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