19 March, 2024

::: Cape mohair sale 19th March 2024 :::

CAPE MOHAIR SALE            19/03/2024
CAT 24/ 03

Exchange rates -                     USD     1.00 = R 18.9970      EURO  1.00 = R 20.5851

Previous sale (05/03/2024)       USD     1.00 = R 18.9745      EURO  1.00 = R 20.5759

1295 bales offered, 1270 or 98% sold

BUYERS
SAMIL                         479/ 4
STUCKEN                    499/ 6
MOSENTHALS             206/ 1
VBC WOOL SA             10/ 0
SUEDWOLLE                62/ 4
CONNACHER               14/ 0
PASSED                         10

The market held on to the gains of the last auction with modest increases for most qualities. European buyers paid premiums of more than 5% was paid for super kid qualities with good length and style.

Southern Africa is in the grip of a strong El Niño cycle and large parts of the production area experienced below average rainfall as well as extreme heat during the past three months. While it may not influence the current shearing season, the poor veld conditions will have a negative impact on the conception rate of ewes which are normally mated during Feb/ March. The unexpected expenses for supplement feed also adds to the production cost.

Price movements
Kids                   + 2 %
Young goat         + 2 %
Fine Adult           + 3 %
Adult                  + 2 %

The next Cape auction will take place on the 16th April with approximately 170 tons on offer.

Please note our offices will be closed from 29 March to 01 April for the Easter holidays.

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