Wool Market Report 10 October 2018

Supply still boosting price – Mecardo
October 8, 2018
Support emerges for the wool market – Mecardo
October 12, 2018

On the 8th wool auction of the 2018/2019 season, the merino wool market indicator increased with +3,7% to close on 23216c per kg clean. This is approximately 27,71% higher than a year ago.

 

Average clean wool price indicators for good quality long fleece wool (MF4/MF5) with a tenstile strength of 35 (NKT) were as follows:

 

17 µ   26936 (+1,7%)            21 µ   23909  (+3,7%)

18 µ   25339 (+2,8%)            22 µ   22858  (+2,6%)

19 µ   25339 (+5,6%)            23 µ   19099  (+3,2%)

20 µ   24379 (+3,7%)

 

The main buyers on the sale were: Standard Wool (1,873 bales), G Modiano (1,867 bales), Tianyu S A Pty (Ltd) (888 bales). Of the 6,056  bales offered 6,024 bales were declared sold (99%).

 

 

Highest prices achieved on the BKB auction were as follows:

 

TOP 10 BKB PORT ELIZABETH
Name Area Descr. AWEX

Type

Mic Clean NKT Price
1. JMP Webber Grahamstown BBH MWF4E.79 16.6µ 72.1% 45 21440c
2. A.Troskie Danhof BH MWF4S.79 17.7µ 75.8% 42 21050c
3. Q.Wiehahn Dordrecht BH MWF4E.75 17.8µ 75.8% 41 20960c
4. Kristalstroom Bdy Cc Barkly-Oos AFH MWF4S.86 17.7µ 74.0% 46 20610c
5. Q.Wiehahn Dordrecht AH MWF4E.87 18.4µ 77.0% 45 20430c
6. JG Wardle Cathcart BH MWF4S.82 17.2µ 71.3% 35 20400c
7. ME Wardle Cathcart BH MWF4E.73 17.1µ 71.2% 45 20300c
8. JG Wardle Cathcart CH MWF4E.64 16.3µ 71.6% 35 20190c
9. JMP Webber Grahamstown AFF MF4E.91 17.7µ 71.0% 52 20100c
10. ME Wardle Cathcart CH MWF4E.61 16.7µ 70.6% 44 20090c

 

The next auction for, catalogue P0918 will take place on 17 October 2018.

Click here to view the full market report.

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