Related Keywords: South African wool, wool industry, wool price
South African wool prices reached new high at this week's national sale due to good demand coming from the Chinese and European markets, Cape Wools said on Wednesday.
Cape Wools' Merino indicator gained 2.3-percent to close the day at R118.30/kg (clean). This is a 16-percent increase on the opening sale and is up 5.2-percent on the corresponding sale last year said, spokeswoman Lizelle Delport
Delport said wool receipts were up six percent compared with the corresponding period last season.
