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The wool market rose sharply at the final sale before the Christmas recess.
Cape Wools says its merino indicator reached an all-time high when it gained 7% on the previous week to close at R109.91 p/kg for clean wool.
Spokesperson, Ona Viljoen, says this is not only higher than last season's highest level, but it also represents a 25.8% increase on the opening sale.
She says the indicator was also up by nearly 12% on the corresponding sale last year.
Viljoen says the Australian market also posted considerable gains.
Wool sales will resume on the 9th of January 2013.
