Cape Wool Merino Wool Prices Rose 3%

Wednesday, Cape wool Merino wool prices rose 3% to 48,62 RAND / kg (skim wool). This means that the price of wool is 14% higher than the annual minimum price of 42,64 RAND / kg, which was set in the first week of November.

although exchange rate A slight improvement, compared with last Wednesday. dollar The exchange rate rose 1,1%, reported at 10,16 Rand, fell to 3,8% against the euro, and fell to 1,4% against Australia, but the market still closed on the positive line.

The main driving force comes from China's strong demand, and Chinese importers are eager to use import quotas before the end of the year.

The number of transactions reported is quite large, which is 10583 packages, with a turnover rate of 96%. The main buyer is South Africa standard wool StandardWoolSA (3504 bales); Chargeurs wool (1632 packs); LempriereAUS (1564 packages); SegardMasurel (1309 pack) and Modiano (1259 pack).

The price is strong, and Merino wool rises 2-5%. The average price trends of MF4 and MF5 (70-80mm) in AWEX varieties are as follows: 19 microns, 2,6% 66,57 66,57 Rand /kg, 20 microns, 2,6% 54,42, Rand /kg, 21 microns, 2,4%, 2,6% RT, 22 micron.

23-24 micron varieties without quotations. The next transaction will resume in January 14th, with a total volume of about 14500 bales.

Editor: vivi