14 November, 2023

::: Cape mohair sale 14th November 2023 :::

CAPE MOHAIR SALE            14/11/2023
CAT 23/ 15

Exchange rates -                      USD     1.00 = R 18.7195      EURO  1.00 = R 20.0542

Previous sale (31/10/2023)        USD      1.00 = R 18.7182   EURO   1.00 = R 19.9480

1118 bales offered, 1021 or 91% sold

BUYERS
SAMIL                         466/ 12
STUCKEN                    523/ 14
MOSENTHALS               16/ 3
VBC WOOL SA              16/ 1
SUEDWOLLE                  0/ 0
CONNACHER                  0/ 0
PASSED                         67

The good quality offering attracted keen interest from the local processors who procured 88% of the total quantity on offer. The adult and fine adult types saw modest gains today, especially for mohair that is well grown.

The Rand remained unchanged against a slightly weaker greenback for most of the day but appreciated by 2% in late afternoon trade after the release of lower than expected US CPI figures.

Price movements

Kids                     -1%
Young goat           unchanged
Fine Adult            +3%
Adult                   +3%

The final Cape auction for the winter season will take place on the 05th December with approximately 140 tons on offer.

Please note SAMIL Combing will close on the 14th December for the annual Christmas shutdown.

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