10 June, 2025

::: Cape mohair sale 27th May 2025 :::

CAPE MOHAIR SALE            10/06/2025
CAT 25/07

Exchange rates -                       USD 1.00 = R 17.6670      EURO 1.00 = R 20.1739

Previous sale (27/05/2025)        USD 1.00 = R 17.8920      EURO 1.00 = R 20.2931

Prices for most qualities closed firm today. As expected super kid derived from the first shearing attracted fierce competition given the limited supply of 24-26 micron during the second half of the year. The Rand appreciated by 1.3 % to the USD and traded marginally stronger against the Euro compared the previous sale.

Price movements

Super Kid            +2%
Kid                     unchanged
Young goat          -2%
Adult                   -2%

The end of the summer purchase season provides an opportunity to reflect on production statistics. It is encouraging to record a 4.1% year on year increase in the quantity Cape mohair offered on the official auctions despite very dry conditions during the growing period October to February.

There will be a two-month recess in Cape mohair auctions. The first auction of the winter season is scheduled for the 19th of August 2025 with approximately 120 tons on offer.