There Is A Positive Trend In The South African Wool Market At The Final Auction In The 2009-10 Season

Final auction in 2009-2010 season wool The price increased, and the Cape Wool Merino Index rose 1.5% compared with the last auction two weeks ago, closing at 58.71 rand/kg net wool.

Despite the weakening of prices at the end of the season, the market performance of this season is still higher than that of the last season Consumption. At most auctions in this season, the index is still above the level of 60 rupees/kg. The closing auction price is 9% higher than the opening auction price, and 25% higher than the last auction price in the previous season.

Before losing the upward momentum in the past few weeks, it reached 66.46 rand/kg at the market peak at the end of February. Although the South African rand fluctuated within a small range, the exchange rate with the US dollar still rose by 1.2% compared with the last auction, reaching 7.69 rand to the US dollar, and the exchange rate between the rand and the euro rose by 3.9%, reaching 9.20 rand to the euro.

The supply of wool this week was quite large, reaching 12520 bales, 97% of which were sold. The main purchasers are Modiano (4571 packages), Standard Wool (3288 packages), Stucken (1660 packages) and Lempriere (1135 packages).

The average price trend of MF5 long shearing (less than 1% of species) is as follows: 19.5 microns increased by 3.5% to 64.06 rand/kg; 20.5 μ m decreased by 0.5% to 60.49 rand/kg, and 22 μ m increased by 1.2% to 59.96 rand/kg.

The first time in 2010-11 season auction It will be held on August 18.