Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

South African Wool Price Surges to Record Due to Rand Slump

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

The benchmark price of wool in South Africa, the world’s second-biggest producer of the variety used for clothes, climbed to a record as the rand weakened and demand increased. The Cape Wools Merino Indicator climbed 6.6 percent to 253.82 rand ($16.45) a kilogram (2.2 pounds) at the sale in the southeastern city of Port Elizabeth,…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands