16 April, 2024

::: Cape mohair sale 16th April 2024 :::

CAPE MOHAIR SALE            16/04/2024
CAT 24/ 04

Exchange rates -                     USD     1.00 = R 19.0070      EURO  1.00 = R 20.1968

Previous sale (19/03/2024)       USD     1.00 = R 18.9970      EURO  1.00 = R 20.5851

1418 bales offered, 1360 or 96% sold

BUYERS
SAMIL                         560/ 15
STUCKEN                    567/ 20
MOSENTHALS             105/ 3
VBC WOOL SA             11/ 0
SUEDWOLLE              117/ 3
CONNACHER                 0/ 0
PASSED                        17

Prices remained firm on today’s large offering. A substantial quantity of fine adult was on offer which traded in buyers’ favour towards the end of the auction.

In our last report we mentioned the poor state of the natural grazing in many parts of the Karoo. Fortunately, very good rainfall was recorded in the past two weeks which brightens the prospects from a production perspective both in terms of yields and lower input costs. The mild temperatures during autumn still allows for the veld to recover prior to the winter.

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

The next Cape auction will take place on the 30th April with approximately 170 tons on offer. Approximately 60% of the summer clip has now been sold with three auctions remaining. The current figures from the brokers show an increase of at least 10% in mohair delivered compared to the previous year which is very encouraging.