Severe Market &Nbsp; South African Wool Prices Drop

Under difficult market conditions, South Africa Wool price Mixed phenomenon, the Cape wool Merino index dropped 3.4% to 97.28 RAND / kg net hair. The quality of long pile quality is good and the price is high. Low quality Wool and crossbred wool are hard to sell and are cheaper than last week.

South Africa's Rand is weak, with the US dollar's exchange rate reaching 8.44 Rand to us dollar, compared with last week's average exchange rate by 3.8%, which once again buffered the market. The exchange rate between South Africa and the euro is also weak, reaching 11.27 Rand to one euro.

This week wool The supply reached 8909 packages, with a turnover of 93%. The main buyers are standard Wool Company (3625 packs), Stucken company (1403 packages), Lempriere company (1311 packages), Modiano company (1277 package).

The average price of different types of high-quality long shearing (MF5) (less than 1% species) is as follows: 19 microns drop by 2.7%, with 115.08 RAND / kg down; 19.5 microns drop 1.4% to 110.571 RAND / kg; 20 micrometers drop to 3.5%, fall to 104.89 RAND / kg; 20.5 microns drop to 2.1%, RT / kg; fall of sink micron drops, drop to grant RT / kg;

At the auction next week, the wool supply is about 11000 bales.