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Wool Market Report - 24 February 2021

26 February 2021

On the 23rd wool auction of the 2020/2021 sale season, the merino wool market indicator increased by 1,0% to close on 16744c 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 21310 (+1,2%) 21 µ 15566 (+1,1%)
19 µ 19278 (+2,2%) 22 µ 14075 (+1,5%)
20 µ 16964 (+3,4%) 23 µ

The key buyers on the sale were: G Modiano (2,447 bales), Standard Wool (2,332 bales) Lempriere Wool Services SA (1,508 bales). Of the 8,920 bales offered 8,826 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. AJ Liebenberg Smithfield BMY MF4E.59 16.4µ 74.2% 44 19410c
2. Greeff Bdy RWS Stutterheim CFY MF4E.64 16.7µ 72.4% 51 18950c
3. Swartskaapsindikaat (Pty) Ltd   RWS Jamestown DFFH MWF4E.50 16.6µ 72.2% 18300c
4. Acmax Investments RWS Cookhouse CH   MWF5S.62 16.0µ 63.6% 35 17980c
5. Acmax Investments RWS Cookhouse BH MWF5S.72 16.4µ 64.9% 39 17760c
6. Neuman Brothers (Pty) Ltd  RWS Vrede BMY MF5ER.64 17.0µ 70.1%   50 17730c
7. SW Roeland Bdy Bk RWS Vrede CH MWF4E.72 16.8µ 69.0% 54 17690c
8. SW Roeland Bdy Bk RWS Vrede BH   MWF4E.76 17.3µ 70.4% 56 17100c
9. SC Human Brandfort CM MF4E.65 17.3µ 69.2% 29 16710c
10. Greeff Bdy RWS Stutterheim BH MWF4S.65 17.2µ 68.7% 47 16700c

The next auction will take place on the 3rd of March 2021.