6 May, 2023

::: Cape mohair sale 6th May 2023 :::

CAPE MOHAIR SALE            06/06/2023
CAT 23/07

Exchange rates -                             USD 1.00 = R19.2045  EURO 1.00 = 20.5238

Previous sale (16/05/2023)               USD 1.00 = R19.0545  EURO 1.00 = 20.7446

1423 bales offered, 897 or 63% sold

BUYERS
SAMIL                          422/ 78
STUCKEN                     292/ 50
MOSENTHALS               150/   9
SUEDWOLLE SA               5/   0
VBC WOOL SA               26/   0
CONNACHER                    2/   0
PASSED                         389

The summer season of 2023 saw a 15% increase in mohair offered on the auction system. This substantial increase in mohair production can be attributed to two years of good rainfall in the production area which has resulted in improved veld conditions and subsequent increase in yield per goat as well as goat numbers. In comparison with other small stock breeds, the Angora goat can realise a higher return on investment given the mohair prices of recent years which has encoraged new entrants to the industry.

An increase in supply in South Africa is extremely important for the sustainability of the industry and can contribute to price stability overs the medium to long term.

The final auction of the season comprised out 16% kid, 32% young goat and 29% adult combing mohair. There was a large quantity of seedy and stained material (20% of the offering) but the sales clearance on these were relatively low. The Brokers had firm reserves on serveral clips which resulted in a higher overall passed in rate.

Price movements

Kids              -2%
Young goat    -5%
Fine Adult      -5%
Adult             -4%

CAT 01-07 7980 bales offered, 7141 or 90% sold.
BUYERS
SAMIL                              2746/ 150
STUCKEN                         2745/ 152
MOSENTHALS                    616/   34
SUEDWOLLE                     644/   27
CONNACHER                     219/     4
VBC WOOL SA                  171/     0

PASSED                            472

The next Cape auction will take place on 15th August with approximately 100 tons on offer.