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Wool market holds on to last week's gains


The wool market held on to last week's gains with Cape Wools merino indicator closing the day marginally up at Wednesday's sale.

The indicator gained 0.3% to close at R88.82 p/km for clean wool.

Cape Wools' Ona Viljoen says there was solid demand from the various sectors with 97% of the more than 7 900 bales on offer, being cleared.

She says prices were a mixed bag with fine fleece wools fetching substantially lower prices while there was keen demand for short wools.

Approximately 5 500 bales will be on offer at the next sale.