THE wool market was stronger at this week's sale and the Cape Wools Merino indicator gained 2.5% on last week to close at R112.41/kg (clean).
Cape Wools spokeswoman Lizelle Delport said this was in line with the Australian market where the indicator rose 0.5%.
"Traders say there was a solid demand for good quality long top-making fleeces from the various Chinese and European sectors. The small weekly offerings the last few weeks may have also supported the current price levels," she said.
Prices were up across the board with the stronger wools posting the biggest increases. A total of 7160 bales were on offer, of which 99.5% was sold. The most active traders were Lempriere (1810), Modiano (1601), Standard Wool (1516) and Stucken & Co (1372).
The average clean prices for the different categories good top-making (MF5), long fleeces were: 18.5 microns strengthened by 2% to R117.93/kg, 19 mu rose 1.5% to R117.12/kg, 19.5 mu strengthened by 1.8% to R115.39/kg, 20 mu rose 3.1% to close at R113.49/kg, 20.5 mu were up 3.3% at R112.39/kg, 21 microns rose 3.4% to R112.20/kg, 21.5 mu were 3.4% dearer at R111.69/kg and 22 microns were up 3.2% to close at R111.38/kg.
The next sale is scheduled for 2 October where about 7000 bales will be on offer.