Bloemfontein - South African wool prices declined again at this week’s national sale, Cape Wools said on Wednesday.
Company spokeswoman Lizelle Delport said Cape Wools’ Merino indicator shed 2.1 percent to close at R109.63/kg (clean).
She said the South African market closed dearer to Australia this week, but traders indicated the small offerings reflect the current drop in price levels.
Delport said prices were down across the board with the finer wools posting the biggest decreases.
A total of 6436 bales were on offer, of which 98 percent was sold.
Most active buyers were Modiano (1855), Standard Wool (1391), Lempriere (1285) and Stucken & Co (711).
The next national sale was scheduled for 25 September. An estimated 7500 bales would be on offer.