The South African Wool Market Closed At 103.39 RAND / Kg Net Gross &Nbsp, Strong.

At the auction this week, the South African wool market was largely maintained. Price Level, Cape wool Merino index closed slightly down 0.6%, with 103.39 RAND / kg net gross.

The demand for high quality wool has been strong, and excellent prices have been achieved, but the average price of bad wool has decreased.

Rand dollar The exchange rate reached 7.85 Rand to US $1, which is higher than last week's average. exchange rate Up 1.2%. The exchange rate between Rand and the euro rose by 1.2% to 10.82 euros.

This week, the number of wool provided for auction reached 9240 packs, with 95% turnover. The main buyers are Modiano company (2834 packs), standard Wool Company (2652 packages), Stucken company (1682 packages), Lempriere company (1033 package).

The price trend of wool with good quality long hair shearing (MF5) less than 1% is as follows: 19 micron drop by 2.5%, reduced to 119.93 RAND / kg; 19.5 microns drop 1.9%, to 116.10 RAND / kg; 20 micrometer dropped 1.9%, dropped to 112.36 RAND / kg; 20.5 micron dropped to 20.5, RT / kg; fall of sink micron dropped, dropped to grant RT / kg; the drop of the micron dropped, dropped to the orchid / kg;

The wool sold next week is about 10500 bales.