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Wool Market Report - 17 February 2021

22 February 2021

On the 22nd wool auction of the 2020/2021 sale season, the merino wool market indicator increased by 4,1% to close on 16576c per kg clean wool. The average clean wool market indicators for good quality long fleece wool (MF4/MF5) with a tenstile strength of 35 (NKT) were as follows:

Fibrediameter (µ) CWP*  PM** Fibrediameter (µ) CWP* PM**     *Clean wool price     **Price movement
18 µ 21060 (+3,7%) 21 µ 15395 (+4,6%)
19 µ 18854 (+5,8%) 22 µ 13871 (+4,3%)
20 µ 16400 (+5,7%) 23 µ

The key buyers on the sale were: Standard Wool (1,566 bales), Lempriere Wool Services SA (1,498 bales) G Modiano (1,438 bales). Of the 5,611 bales offered 5,508 bales were declared sold (98%). 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. JCR Van Heerden RWS Graaff-Reinet BH MWF4S.72 16.4µ 69.8% 33 19190c
2. JCR Van Heerden   RWS Graaff-Reinet AH MWF5S.86 16.7µ 72.1% 27 19000c
3. Neethoek Bdy Smithfield CH MWF5S.66 17.1µ 71.8% 40 17850c
4. Bothasberg Bdy Bk RWS Vrede CL   MWF5E.69 17.0µ 69.3% 45 17820c
5. J Sauer RWS Jamestown CMY MF4E.63 17.0µ 71.9% 31 17820c
6. Neethoek Bdy Smithfield BH1 MWF5S.69 17.0µ 70.6% 34 17810c
7. JCR Van Heerden RWS Graaff-Reinet CL MWF4E.61 16.1µ 65.3% 36 17500c
8. JCR Van Heerden RWS Graaff-Reinet BFY   MF4S.68 17.3µ 69.7% 37 17260c
9. Saamloop Bdy (Pty) Ltd Smithfield CM MF4S.57 17.2µ 71.8% 44 17260c
10. Wonderfontein Bdy (Edms) RWS Cradock CL MWF5S.66 16.9µ 66.0% 43 17100c

The next auction will take place on the 24th of February 2021.