Good week for wool market despite large offering at sale

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 The wool market held up well at this week's sale despite a very large offering.

Cape Wools merino indicator closed down marginally at R102.70 p/kg for clean wool.

Spokesperson Ona Viljoen says it was still 17.5% higher than at the opening sale.

She says there was keen competition on the auction floor with 98% of the offering of 13 600 bales being sold.

Approximately 17 600 bales will be offered at next week's sale, the last sale before the Christmas recess.