Photo: FW Archive
A good overall sales clearance of 93,5% was achieved.
More than 50% of the offering consisted of long-length wools, and 60% of the offering tested 20 microns and finer, according to Cape Wools.
The non-certified indicator rose by 2,4% to close at R152,59/kg, while the certified indicator gained 2,6% to close on R168,85/kg. Nearly 60% of the Merino wool was certified as sustainable.
The highest price on the OVK auction was R162,60/kg (clean R198,60/ kg), achieved for a four-bale lot BF of 18,6 microns from the clip of BG Viljoen from the Swellendam district. The buyer was VBC Wool SA.
The major buyers were Tianyu SA (1 466 bales), Standard Wool SA (1 224), BKB Pinnacle Fibres (968), and G Modiano SA (920).
The Australian market ended unchanged from the previous sale. Australian Wool Innovation said not much buying activity was sighted from the large global top makers.
The largest of the Chinese manufacturers, though, were the exception and maintained their steady and consistent buying rates on the Merino combing wool sector.
Cardings and carbonising (heavy vegetable matter) types remained in the doldrums, with prices drifting once more under sluggish demand, at best. Many manufacturers, traders and buyers of these wools commented that the current situation was among the toughest business conditions encountered for decades.
