The last sale of the wool selling season held on June 10 in Gqeberha had 6 043 bales on offer of which 97 % were sold, according to Cape Wools. The next sale will be at the end of August.
Long-length wools comprised just under half of the offering, with 64% of the offering testing 20 micron and finer, with the All-Merino indicator increasing by 0,2% to close on R270,86 p/kg.
More buyers competing for top clips
Wool appraiser Jacques Taljaard told Farmer’s Weekly that it was pleasing that more buyers were now bidding on the top 10-performing clips and that the market was no longer dominated by a single buying house.
De Villiers Merinos of Aliwal North, selling on the OVK auction, fetched R271.20 (greasy) for a two-bale BBFH lot of 17,6 microns. The clean price was R330.29/kg and the buyer was Segard Masurel SA.
The major buyers were G Modiano SA (1 453 bales), Standard Wool SA (1 073), Tianyu SA (999) and BKB Pinnacle Fibres (873).
Australian market continues upward trend
The Australian wool market continued its climb to close at 1 979 ac/kg. However, according to Australian Wool Innovation’s report, the lower exchange rate saw benchmark indicators decline in US dollar terms.
Fine Merino fleece types (16,5 to 19µm) generally added 20c to 25c, while medium Merinos (19,5 to 21µm) again outperformed, recording gains of 35c to 40c across the selling centres. Crossbred wools (25–32µm) continued their recent positive trend, rising 10c to 15c, and Merino cardings improved by 25c to 30c.
The marker now sits at its highest point since October 2018 and just 21c below the 2,000 ac/kg threshold. Strength in medium Merinos, crossbreds and cardings suggested buyer confidence was being driven by wider market fundamentals rather than isolated demand for a single wool type.
Smallest Australian offering since 2020
The most recent offering in Australia was the smallest since 2020, highlighting the tightening supply conditions currently supporting the market and a subsequent rise in the price of uncertified wools.
