The market report

The finer end managed to hold on to its recent gains but the coarser end of the market lost significant value on the day.

The buyers mentioned that the wool on offer was markedly more tender which impacted on yields at processing.This week saw the rand at R13,74 to the US dollar.

The rand strengthened by 4,1% against the US dollar compared with the average rate at the previous sale.

The Rand strengthened 4,8% against the Euro, trading at R15,32.

The offering comprised of 8 404 bales of which 92,0% was sold.

Major traders were Standard Wool SA (2 282), G Modiano SA (1 705), Lempriere SA (1 465) and Stucken & Co (1 327).

The average clean prices for the selection within the different micron categories for good top-making (MF5), long fleeces were as follows: 18,0 microns lost 2,3% to close at R162,73/kg; 18,5 microns decreased 4,5% to close at R157,73/kg; 19 microns decreased 5,0% to close at R154,71/kg; 19,5 microns lost 5,8% to close at R150,71/kg; 20 microns decreased with 7,1% to close at R146,48/kg; 20,5 microns decreased 6,1% to close at R147,55/kg; 21,0 microns lost 7,3% to close at R146,29/kg; 21,5 microns dropped 6,8% to close at R144,81/kg; 22,0 microns decreased 8,5 to close at R142,03/kg and 22,5 microns decreased 3,6% to close at R147,85/kg.The next sale is scheduled for 28 September 2016 where approximately ±7 093 bales will be on Sale..