“The market was put under further pressure by a decline in Australian prices. However, 96% of the 5 218 bales offered was sold,” she said.And the indicator was still 5% higher than the comparative sale a year ago, when the rand was 4% weaker against the US dollar. Cape Mohair and Wool (CMW’s) Johan Louw said competition remained strong with greasewool exporters, especially G Modiano, dominating the market.
The highest CMW price was paid by New England for a 17,7 micron bale BH lot from RH Botha of Aliwal North, which fetched R61,80/kg.Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns, declined by 2,2% to R66,54/kg; 19,5 microns, down 2,2% to R60,86/kg; 20 microns, 5,7% cheaper at R55,87/kg; 20,5 microns, down 5,3% to R55,62/kg; 21 microns, down 4,6% to R55,67/kg; 21,5 microns, down 5,1% to R54,96/kg; and 22 microns declined by 6% to close at R54,31/kg.
