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Wool prices higher despite stronger rand


 Wool prices were higher at this week's sale despite a stronger rand.

Cape Wools says its Merino indicator gained 2.3% to close at R104.17/kg for clean wool.

Spokesperson Ona Viljoen says this was slightly lower than the seasonal high but still 22% up on the same sale last season.

She says while this week's offering was fairly small, more wool has come onto the market and wool received at the brokers' stores now stands at R36.5m kg.

No sale has been scheduled for next week because of the public holiday but sales resume on the 28th March.