1 October, 2024

::: Cape mohair sale 1st October 2024 :::

CAPE MOHAIR SALE            01/10/2024
CAT 24/12

Exchange rates -                       USD 1.00 = R 17.3020     EURO 1.00 = R 19.1862

Previous sale (10/09/2024)         USD 1.00 = R 17.8700     EURO 1.00 = R 19.7285

1344 bales offered, 1199 or 89% sold

BUYERS
SAMIL                           509/ 37
STUCKEN                      562/ 37
MOSENTHALS                 63/ 6
VBC WOOL SA               45/ 0
CONNACHER                  19/ 0
L LOTTER TRUST             1/ 0
SUEDWOLLE                   0/ 0

PASSED                          65

The sales clearance improved remarkably today with 89% of the mohair offered sold. Fine kid mohair attracted keen interest with considerably premiums paid for length. Some of the better quality coarser kid and fine young goat bales were passed in at producer reserve levels.

The Rand appreciated by 3.2% against the USD and traded 2.7% stronger against the Euro compared to the previous sale. South African capital markets continue to see an inflow of foreign currency especially after the reduction of interest rates in the USA earlier this month

Price movements
Kids                   – 1 %
Young goat         – 2 %
Fine Adult           – 2 %
Adult                  – 2 %

The next Cape auction will take place on the 22nd October with approximately 160 tons on offer.