The wool market traded 0.4% higher at this week's sale with Cape Wools Merino Indicator rising 54 points to close at a value of R155.94 per kilogram for clean wool.
The Cape Wools All Wool Indicator strengthened by 1.2%.
In a statement Thursday Cape Wools said continued solid demand for good quality long wool and a smaller offering stimulated good competition for the wool on offer.
However, the stronger Rand dampened Rand returns which remained close to recent record levels.
"This week saw the rand at R15.75 to the US dollar. The rand strengthened by 0.9% against the US dollar compared with the average rate at the previous sale. The Rand strengthened 2.0% against the Euro, trading at R17.56," the statement said.
The next sale is scheduled for 24 February 2016 where approximately 6 620 bales will be on offer
