The market report

The Australian EMI gained 1,2% this week.

The Cape Wools All Wool Indicator increased 3,8%.

The wool market traded firmer this week supported by a weaker Rand and driven by good demand for long and fine Merino Wool.

Prices increased across the board with the coarse end of the market well supported.

94% of a smaller sized offering was sold. Modiano bought the most bales at the auction today. This week saw the Rand at R14,61 to the US Dollar and R16,79 to the Euro.

The Rand was 1,7% weaker against the US Dollar and 1,1% weaker against the Euro, compared with the average rate at the previous sale.

The offering comprised 6 312 bales of which 94,0% was sold.

Major traders were Modiano (1 861), Standard Wool SA (1 798), Tianyu SA (885) and Stucken & Co (738). The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18 microns increased 1,7% to close at R269,36/kg; 18,5 microns moved 2,6% up to close at R263,33/kg; 19 microns gained 2,8% to close at R253,39/kg; 19,5 microns strengthened by 3,0% to close at R251,53/kg; 20 microns was 5,6% stronger to close at R243,79/kg; 20,5 microns won 6,1% to close at R239,64/kg; 21 microns gained 3,7% to close at R239,09/kg; 21,5 microns improved by 3,4% to close at R229,44/kg; 22 microns increased by 2,6% to close at 228,58/kg and 22,5 microns increased by 1,0% to close at R227,54/kg. The next sale is scheduled for 17 October 2018 where approximately ±7 986 bales will be on sale. .