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Weaker rand provide support for wool market

01 Feb 2016 | Admin Author


A weaker Rand provided some support for wool market prices at this week's sale.

Cape Wools says its Merino indicator gained 0.6% to close at R101.79 per kilogram for clean wool.

Spokesperson Ona Viljoen, says this is a 21% improvement on the same sale last season and up 10.6% on the opening level.

She says approximately 7-thousand bales will be on offer at next week's sale.

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