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Wool market slightly weaker

01 Feb 2016 | Admin Author


 The wool market was slightly weaker at this week's sale as demand conditions remain tough.

Cape Wools says its Merino indicator shed 0.8% compared with last week to close at R88.09 p/kg for clean wool.

Spokesperson, Ona Viljoen, says this was in line with the Australian market where the indicator was also down.

She says 99% of the total of 5 697 bales on offer was sold.

Approximately 8 500 bales will be on offer at the next sale.

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