3 September, 2019

::: Cape mohair sale 3rd September 2019 :::

• CAPE MOHAIR SALE CAT:  19/11        03/09/2019

  Exchange rates – USD 1.00 = R 15.1500  /  EURO 1.00 = R 16.5362
  Previous sale -   USD 1.00 = R 15.3250  /  EURO 1.00 = R 17.1671

  1190 bales offered, 1000 or 84% sold.

  BUYERS
  SAMIL                     469/ 25
  STUCKEN                317/ 52
  MOS                       105/ 35
  SUEDWOLLE SA        94/ 9
  NE                           15/ 1

  PASSED                    68

  Negative sentiment in China continues to have an adverse influence on the price of natural fibres. Despite overall low stock levels demand for young goat and adult mohair was subdued on today’s auction. A large percentage of adult mohair was taken in by the brokers at prices below their reserve levels in an effort to support the market. Kid mohair saw good competition and prices remained fully firmed.

  In comparison with the previous sale price movements were as follows:
  Kids                     Unchanged

  Fine Kids
  Young goats         12 % down
  Fine Adult             14% down
  Adult                    10% down

  The third Cape sale for the winter season will take place on the 25th September 2019 with approximately 170.000kg on offer.