The South African wool market was unchanged at this week’s auction and the Cape Wools Merino Indicator decreased slightly by 0.5% and by 84 points to close at a value of R161.72 (Clean). The Cape Wools All Wool Indicator lost 0.9%.
The wool market maintained its good performance to end unchanged. The finer wool is still in high demand and good prices were achieved. In the mid micron groups, demand was muted and prices fluctuated more readily. There was good competition between buyers ma