2010-11 Season, The South African Wool Market Is More Stable.
In the 2010-11 season's first auction, South Africa
wool
The market remained good, though the viral hepatitis of Rift Valley restricted the export of raw wool to China and the significant appreciation of Rand.
The Cape wool Merino index was only 1.6% weaker than its closing level in June, and it closed at 57.77 RAND / kg (net gross), while the South African rand exchange rate reached 7.22 Rand with an appreciation of 6%.
The exchange rate between Rand and the euro weakened by 1%, to 9.29 Rand.
Buyers from Europe have a strong interest in processing plant replenishment, and demand from India is also rising.
The supply this week is quite large, up to 12520 bales.
Realized
Sale
The ratio is slightly lower than usual, with a turnover rate of 94%.
The main buyers are standards.
wool
The company (3927 packs); Modiano company (3306 packages), Lempriere company (1768 packages); Segard Masurel (1306 package); Stucken company (1261 pack).
The average of high quality, high strength and shearing strength (MF5) is less than 1%.
Price
The following: 19 microns increased by 2.2%, reaching 67.97 Rand; 19.5 microns dropped by 1%, reaching 63.43 RAND / kg; 20 micrometers dropped by 2.6%, reaching 60.21 RAND / kg; 20.5 microns dropped by 2.2%, reaching the RRT / kg, and the decline of the micron dropped to the number of RAND / kg.
The next auction is planned for September 1st, and by then there will be about 9000 bales of wool available.
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