1. Home
  2. Blog Posts
  3. Blog Article

Blog Article

Wool Market
published 28 May 2024

Due to the 29th of May being declared a public holiday in South Africa, the penultimate sale of the 2023/24 wool season was held today.
 
A smaller volume of 7 156 bales were on offer, with nearly 60% of the merino wool offering being certified as sustainable. There was almost an even split of long and medium length wools on offer.

The market delivered positive results today, supported by a weaker SA currency. All micron categories ended in positive territory, with an overall sales clearance of 89,2%.

The non-certified indicator increased by 1,3% to close on R149,05 p/kg, whilst the certified indicator rose by 1,1% to close on R165,80 p/kg. 
 
The Australian market had a solid performance today, coupled with a good overall sales clearance and closed 0,1%(AU$) up from their previous sale held on Wednesday, 22 May.
 
The major buyers on the sale were Standard Wool SA (1 501), BKB Pinnacle Fibres (1 423), G Modiano SA (1 107) and Tianyu SA (1 083).

The next sale will take place on 5 June 2024 where approximately 8 743 bales will be on offer.

Latest Articles

Wool sales catalogue 14/25
The 14th sale of the 2025/26 wool selling season took place this week, with a large offering of 13 754 bales, after 527 bales were withdrawn prior to the sale.
read more...
2 days ago
Wool Sales Catalogue 13/25
The 2025/26 wool selling season continued this week, with the 13th sale of the season taking place.
read more...
9 days ago
BLOG ARCHIVE

Latest Episodes