The Price Of South African Wool Fell After The First Auction After Easter.

2011/5/6 10:04:00 51

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Easter

After the first auction, wool prices were weak and Cape wool Merino index was 83.71 RAND / kg (Jing Mao), which was three weeks ago.

auction

Down 1.9%.

This is the same as Australia.

wool staple

In keeping with it, the Australian wool market has also fallen.

South Africa

The growth of Rand also brought downward pressure on the wool market.

South African Rand is 1.5% higher than the previous auction.

South African rand with us dollar

exchange rate

It appreciated by 1.5% to 6.58 Rand.

Rand and the euro exchange rate reached 9.77 Rand, down 0.8%.

This week, the number of wool provided for auction reached 10812 packs, with 93% turnover.

The main buyers are standard Wool Company (3615 bales), Stucken company (485 packages) and Modiano company (2402 packages).

The average price fluctuation of good quality long hair clipping (MF5) (less than 1% species) is as follows: 19 micron drop by 1.4%, reduced to 113.27 RAND / kg; 19.5 microns drop 2.8% to 99.50 RAND / kg; 20 micrometer rise 0.8%, reaching 90.93 RAND / kg; 20.5 micron increased by 20.5, reaching the RT / kg; fall of the sink micron dropped to 0, and dropped to the orchid / kg;

The wool sold next week is about 9500 bales.