7 May, 2019

::: Cape mohair sale 07th May 2019 :::

  • CAPE MOHAIR SALE CAT:  19/05        07/05/2019

    Exchange rates – USD 1.00 = R 14.4150  /  EURO 1.00 = R 16.1030
    Previous sale -   USD 1.00 = R 14.0800  /  EURO 1.00 = R 15.8836

    868 bales offered, 809 or 93% sold.

    BUYERS
    SAMIL                     293/ 11
    STUCKEN                338/ 14
    MOS                       150/ 11
    SUEDWOLLE SA         0/
    NE                           28/ 0

    PASSED                    23

    Prices remained firm for the smaller offering presented today. Kid mohair continued to sell at historical high prices given the limited quantity on offer and general lack of stock in the hands of processors and spinners.

    It is important to note that approximately 630 tons or 70% of the expected 900 tons available on auction this summer season have now been sold.

    In comparison with the previous sale price movements were as follows:
    Kids                     1% up

    Fine Kids              unchanged
    Young goats         1% up
    Fine Adult             unchanged
    Adult                    unchanged

    The next Cape sale will take place on the 21st May 2019 with approximately 130.000kg on offer.

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