20 October, 2020

::: Cape mohair sale 20th October 2020 :::

CAPE MOHAIR SALE CAT:  20/13        20/10/2020

Exchange rates – USD 1.00 = R 16.4770  /  EURO 1.00 = R 19.4593
Previous sale -   USD 1.00 = R 17.0570   /  EURO 1.00 = R 19.9192

895 bales offered 760,  or 85% sold.

BUYERS
SAMIL                     266/ 11
STUCKEN                351/ 5
MOS                       127/ 8
SUEDWOLLE SA        16/ 0
NE                             0/ 0

PASSED                    111

Today’s market saw the strongest competition yet since trade was disrupted by the global pandemic in March. Rand prices for all qualities increased despite the 3% appreciation against the USD compared to the last auction. Good demand for fine knitwear from Europe and a lack of stock has resulted in substantial gains in the kid market. Young goats and adult prices continues to climb as a result of better demand from the Far East.

It is encouraging to note an increase in the number of RMS certified clips on offer which attracted price premiums of 5-10%. A substantial quantity of heavy defective (seedy) mohair was passed in.

In comparison with the previous sale price movements were as follows:
Kids                      6% up
Young goats          5% up
Adult                    5% up

The next Cape auction will take place on the 10th November with approximately 120 tons on offer.

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