Cape Wools SA

The market report

Reports on the past week's wool sales held in Port Elizabeth, South Africa:

Port Elizabeth –The wool market traded higher at this weeks’auction and the Cape Wools Merino Indicator increased by 1,5% and by 239 points to close at a value of R166,73 (Clean).There was no auction in Australia this week.The Cape Wools All Wool Indicator gained 2,1%.The wool market fared well on the back of a smaller offering and increased by 1,5%.The finer end traded dearer whilst the excellent demand for good quality long wool increased in value by nearly 2,6%.The majority of the offering was of medium and longer length for which there was keen competition and due to the smaller than usual offering the top three buyers were hard pressed to fill their orders.This week saw the Rand at R13,32 to the US Dollar.The Rand was 2,5% stronger against the US Dollar compared with the average rate at the previous sale.The Rand was 2,4% stronger against the Euro, trading at R14,22.The offering comprised of 6 601 bales of which 97,5% was sold.

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Cape Wools Merino Indicator
See all PUBLICATIONS
Story of Wool
AWEX ID
Classing Standards
Cape Wools Code of Best Practice
Annual Report
STATISTICS AND REPORTS
Market Reports Reports on the weekly wool sales held in Port Elizabeth, South Africa.
Accumulative Results Accumulative auction results.
Monthly Overview This report highlights monthly changes in the South African wool Industry.
The Story of Wool

 
South Africa is a vast and beautiful country with a rich history of sheep and wool farming. This long history has established woolgrowers who have a keen appreciation of how to care for their animals and the environment. As a result, the industry consistently generates a high quality, environmentally sound product for international markets.

The first Merino sheep arrived at the Cape in 1789, and the sheep and wool industry on a commercial basis was soon established. During the whole of its colonial period, the Cape province remained the most important wool producing area in Southern Africa and although the sheep industry subsequently spread rapidly throughout virtually the whole of the country, 'Cape Wool' has become the international generic trade term for all wool produced on the sub-continent.

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SA vs AUSINDICATORS

Item

Sale

2016/2017

2015/2016

 

SA

EMI

SA

EMI

First Sale

1

14681

1295

12922

1300

This Sale

30

16673

1457

14695

1220

Prev Sale

29

16434

1457

15570

1239

Low

 

14363

1283

12163

1179

High

 

16673

1551

16306

1300

Ave

 

15552

1385

 14 216

 1 245

SA vs AUSMICRON PRICES

Micron

Sale

This Week (USc)

Previous Week (USc)

 

 

SA

AU

SA

AU

18

30

1705

1586

1629

1599

18.5

30

1667

1489

1589

1489

19

30

1519

1408

1465

1408

19.5

30

1318

1327

1278

1327

20

30

1227

1074

1155

1074

20.5

30

1158

1070

1091

1078

21

30

1108

1065

1052

1065

21.5

30

1096

0969

1024

0969

22

30

1041

0955

0981

0955

EXCHANGE RATES

Item

Sale

R/USD

R/Euro

R/AUD

2016/2017

 

 

 

 

First Sale

1

12.7958

14.2316

9.3520

This Sale

30

13.3215

14.2249

10.0139

Prev Sale

29

13.6563

14.5757

10.3452

2015/2016

 

 

 

 

First Sale

1

10.6626

14.0553

9.969

This Sale

30

14.7200

16.6898

11.1262

Prev Sale

29

14.9995

16.9774

11.2369

HIGHEST PRICES

Sale

Broker

Producer

Type

Micron

Price

29

BKB

TC BOTHA

ML260

16.0

17600

29

BKB

TC BOTHA

MF170

17.2

17510

29

BKB

EE GREEFF BOERDER BK

MF160

16.5

17410

29

CMW

WJ DU RANDT

MF160

16.9

17390

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