Wool marginally down at 22nd sale of the season

The 22nd sale of the wool season saw 10 337 bales on offer after 1 702 bales were withdrawn prior to the auction, according to Cape Wools SA.

Sustainably certified wools comprised only 33,5% of the Merino wools on offer, with less than half consisting of long-length wools.

The market eased in rand terms but delivered positive results in dollar terms, taking into account that the rand traded stronger against all major currencies at the time of the sale.

There was good competition for the better-quality Merino wools on offer, resulting in an overall sales clearance of 94,2%. The non-certified indicator eased slightly by 0,4% to close at R150,02/kg while the certified indicator closed 1,1% down at R168,95/kg.

Major buyers were Standard Wool SA (2 702 bales); BKB Pinnacle Fibres (2 042); Tianyu SA (1 797); and G Modiano SA (1 572).

The OVK sale saw 2 702 bales on offer, of which 96,3% was sold.

The highest price of R159/kg (clean price: R214,29/kg) was achieved for a one-bale CH lot of 16,5 microns, from the clip of MD du Plessis in Steynsburg.

The best performers at the BKB auction were JMP Webber of Grahamstown, who achieved R190/kg for his BH lot of 15,7 micron with a clean yield of 72,5%; Hamelfontein of Trompsburg, which achieved R168,50/Ȳkg for its BMY lot of 17 microns with a 75,4% clean yield; and Varslug BDY of Riviersonderend, which achieved R167/Ȳkg for a CH lot of 16,1 microns and a clean yield of 68,7%

The Australian market closed unchanged in terms of its local currency compared with the previous sale, but returned positive results in US dollar terms. –