Port Elizabeth -
South African wool prices remained firm at this week’s national auction, Cape Wools said on Thursday.
Company spokeswoman Lizelle Delport said Cape Wools’s Merino indicator shed a marginal 0.3 percent on last week to close at R116.30/kg (clean).
“Due to the small offering this week, traders said there had been decent competition all-round for the better quality wools.”
Delport said this week’s prices only posted marginal decreases among the medium to stronger wools.
A total of 7 145 bales were on offer, of which 98 percent was sold.
Most active traders were Standard Wool (2 099), Modiano (1 539), Lempriere (1 493), and Stucken & Company (1 048).
The next sale was scheduled for October 23, when an estimated 10 500 bales would be on offer. - Sapa