19 June, 2019

::: Cape mohair sale 19th June 2019 :::

• CAPE MOHAIR SALE CAT:  19/07        18/06/2019

  Exchange rates – USD 1.00 = R 14.6300  /  EURO 1.00 = R 16.3563
  Previous sale -   USD 1.00 = R 14.4150  /  EURO 1.00 = R 16.0439

  1140 bales offered, 1112 or 98% sold.

  BUYERS
  SAMIL                     412/ 9
  STUCKEN                408/ 6
  MOS                       210/ 8
  SUEDWOLLE SA        46/ 0
  NE                           36/ 0

  PASSED                    5

  Competition ramined strong during the final auction of the summer season. The price diffence bewteen the fine and strong segments of the clip continued to widen with fine kids and kids trading at historical high levels. While young goat prices ramined unchanged, adult traded in buyers’ favour as a result of slower demand from China for the first half of the year. The weaker local currency privided support to grasy price levels.

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

  Fine Kids              2% down
  Young goats         unchanged
  Fine Adult             1-2% down
  Adult                    1-2% down

  The first Cape sale for the winter season will take place on the 13th August 2019 with approximately 90.000kg on offer.