Related Keywords: South African wool market, wool prices
Cape Wools’ Merino indicator gained 1.6 percent to close at R120.18/kg (clean), surpassing all previous records. This was a 17.9 percent increase on the opening sale and was up 8.8 percent on the corresponding sale last year, said Company spokeswoman Lizella Delport
Good demand and a weak currency pushed South African wool prices to a fresh high, Cape Wools said on Wednesday.
