Related Keywords: Cape Wools, h African wool market, wool
The South African wool market caught up well at the first sale of the new year, Cape Wools said on Wednesday. It saw a 13.5% increase on the opening sale and is up almost 6.1% on the corresponding sale last year.
Company spokesperson Lizelle Delport said that Cape Wools' Merino indicator softened by a marginal 1.4% to close the day at R115.67/kg (clean).
The local market seemed to follow the international trend, as the Australian market had also decreased by 1.3%.
