New Record for fine wool

A new record price was achieved after some of the country’s largest fine wool producers offered their clips on a sale which saw Cape Wools’ overall indicator rise a marginal 0,4%
Issue date: 23 February 2007

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A new record price was achieved after some of the country’s largest fine wool producers offered their clips on a sale which saw Cape Wools’ overall indicator rise a marginal 0,4% to R38,08/kg (clean).

According to spokesperson Ona Viljoen, Segard Masurel paid R85,00/kg (greasy) for one bale (AFFY) of 16,8 microns offered by BP Greyling from Wakkerstroom and R84,00/kg for two bales (AFF) of 16,9 microns belonging to CL Greyling, also from Wakkerstroom. New England Wool paid the third-highest price of R82,10/ kg for five bales (of 16,7 microns offered by WJ Sharratt from Harrismith.

The market trend for microns from 20 to 22 was 3% higher on average, with the coarser end enjoying the highest gain of 6%. Medium and long wool prices increased by 3%, while other white wool breeds did not react as aggressively. ll long Merino fleece wools posted gains of 3% to 4%. The best performer was the 23 micron category, which rose by almost 7%. verage price movements for Australian Wool Exchange-type fleeces MF3, MF4 and MF5 of 70mm and 80 mm were: 20 microns were up 2,8% at R55,68/kg; 21 microns gained 3,8% at R53,54/kg; 22 microns were 2,9% dearer at R52,05/kg, 23 microns were up 6,7% at R50,83/kg. There were no quotes for 19, 24 and 25 microns. total of 10 241 bales were offered with 96% changing hands. Major buyers were SA Wool Exporters (2 597 bales), Modiano (2 322 bales), Stucken (1 491 bales), ADF (1 202 bales) and Segard Masurel (1 057 bales). – Roelof Bezuidenhout

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