Wool Industry Stakeholders were updated on 30 April 2020 regarding the new regulations, applicable from the 1st of May under the risk level 4 adjusted strategy.
In the communication it was stated that it might take time for the pipeline to become fully operational again under the phased in approach stipulated in the regulations.
Wool Brokers met earlier today to discuss auction procedures going forward and a proposal was put to SAWAMBA for consideration.
The following was agreed upon by the parties concerned:
• There will not be enough wool available to hold an auction next week (13 May).
• It will therefore result in Catalogue 27 being offered on 20 May 2020.
• If any broker has wool that needs to be sold urgently, this will be done electronically via Zoom.
• The proposed cut-off date for wool receivals will be 17 June 2020, with the last auction of the 2019/20
season scheduled for the 8th of July 2020. If volumes are too big for a one-day sale on this catalogue, it
will be split, and the second half offered on 15 July.
• The volume on auctions will continue to be limited to around 7 000 bales per auction. The decisions reached were based on the current situation and facts available and might need to be adjusted, should a change in circumstances warrant this.
We therefore urge producers to communicate with their brokers and we will release any new information as it becomes available.
Issued by Cape Wools SA
7 May 2020