Blog Article

Wool Market Report 202324
published 06 Mar 2024

A total of 11 330 bales were offered, with a larger volume of sustainably certified wools on offer, with 60,1% of the merino wools offered being certified as sustainable.

Taking into account the stronger ZAR against the US$, the market had a steady performance today, delivering positive results in US$ terms.

The finer microns delivered positive returns, but the broader microns ultimately dragged the market down and resulted in an overall sales clearance of 93,7%.

The non-certified indicator eased slightly by 0,5% to close on R153,28p/kg, whilst the certified indicator decreased by 1,2% to close on R171,52 p/kg.

The Australian market strengthened this week and closed 1.2%(AU$) up from their previous auction held on Wednesday,28 February.

The major buyers on this week's sale were G Modiano SA (2 361), BKB Pinnacle Fibres (2 188), Tianyu SA (1 745) and Standard Wool SA (1 738).

The next sale will take place on 13 March 2024 where approximately 8 102 bales will be on offer.

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The final sale of the 2024/25 wool selling season took place this week, with a larger offering of 11 618 bales.

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Wool Market Report 202324published 06 Mar 2024

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Wool Market Report 202324
published 06 Mar 2024