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Wool Market Report - 10 March 2021

11 March 2021

On the 25th wool auction of the 2020/2021 sale season, the merino wool market indicator increased by 2,1% to close on 17263c per kg clean wool. The average clean wool market indicators for good quality long fleece wool (MF4/MF5) with a tensile strength of 35 (NKT) were as follows:

Fibrediameter (µ) CWP*  PM** Fibrediameter (µ) CWP* PM**     *Clean wool price     **Price movement
18 µ 22299 (+2,7%) 21 µ 15926 (+2,1%)
19 µ 20026 (+2,2%) 22 µ 14618 (+2,2%)
20 µ 17525 (+2,6%) 23 µ

The key buyers on the sale were: Lempriere Wool SA (2,769 bale), Standard Wool (2,297 bales) G Modiano (1,623 bales). Of the 9,083 bales offered 8,919 bales were declared sold (98%). The highest prices achieved on the BKB auction were as follows:

TOP 10 BKB PORT ELIZABETH
Name  Scheme Area Descr. AWEX Type Mic Clean NKT Price
1. JMP Webber   RWS Grahamstown BH MWF4S.64 15.2µ 69.5% 48 21100c
2. Loots en Loots Bdy (Pty) Adelaide CL MWF4S.57 16.0µ 71.7% 42 19600c
3. Merwe Bdy Bk   RWS Colesberg CFY MF4S.65 15.6µ 66.3% 41 19280c
4. Narrow Slip Trust RWS Stutterheim BH   MWF4E.70 16.5µ 69.9% 42 19090c
5. Loots en Loots Bdy (Pty) Adelaide BL MWF4E.69 16.8µ 72.9% 41 18860c
6. Merwe Bdy Bk RWS Colesberg BFY MF4S.65 16.4µ 69.3% 49   18510c
7. Leon Ontwikkelings Bk Cradock CL MWF4S.67 16.8µ 71.7% 52 18450c
8. Merwe Bdy Bk RWS Colesberg YBKS   MF5M.67 15.7µ 63.7% 38 18400c
9. JD Hancke Bdy Trust Bethal DL MWF4E.50 16.6µ 70.9% 18300c
10. Bertie Swanepoel Trust RWS Smithfield CM MF4E.65 16.6µ 69.6% 31 18300c

The next auction will take place on the 17th of March 2021.