11 December, 2020

::: Cape mohair sale 11th December 2020 :::

CAPE MOHAIR SALE CAT:  20/16        10/12/2020

Exchange rates – USD 1.00 = R 15.0351  /  EURO 1.00 = R 18.2393
Previous sale -   USD 1.00 = R 15.3320   /  EURO 1.00 = R 18.1868

731 bales offered, 657 or 90% sold.

BUYERS
SAMIL                     292/ 1
STUCKEN                265/ 5
MOS                       100/ 7
SUEDWOLLE SA         0/ 0
NE                             0/ 0

PASSED                    61

A large proportion (+ – 30%) of the mohair on offer today was defective / seedy which resulted in more competition on the clean lots.

The year 2020 saw massive variations in prices given the abrupt stop to exports in March / April and volatility of the local currency as stock markets and business sentiment crashed and recovered. The mohair market saw a V-shaped recovery in terms of prices and demand especially as far as young goat types are concerned. Super kids proved to be extremely resilient as one of the most sought after natural fibres.

In comparison with the previous sale price movements on today’s auctions were as follows:
Kids                      4% up
Young goats          2% up
Adult                    3% up

The first Cape auction of the summer season will take place on the 09th February. This is traditionally a small auction with less than 90 tons on offer.

Summary for the winter season: 6612 bales offered, 5436 (82%) sold.

BUYERS                   Sold / Not sold
SAMIL                     2314/ 136
STUCKEN                2241/ 173
MOS                         760/ 79
SUEDWOLLE SA        121/ 4
NE                               0/ 0

PASSED                    784

Summary for 2020: 12 601 bales offered, 10 618 (84%) sold.

BUYERS                   Sold / Not sold
SAMIL                     4371/ 251
STUCKEN                4495/ 326
MOS                       1312/ 106
SUEDWOLLE SA       371/ 23
NE                             69/ 3

PASSED                    1274

Please take note that many of the passed in and “not sold” bales have been sold as after sales as trading conditions improved towards the end of the year. A substantial quantity of heavy defective mohair remains not sold.