3 December, 2013

::: Cape mohair sale 3rd December 2013 :::

CAPE MOHAIR SALE CAT: 13/16        03/12/2013

Exchange rates – USD 1.00 = R 10.33  /  EURO 1.00 = R 14.014
Previous sale -   USD 1.00 = R 10.39      /  EURO 1.00 = R 13.9226

1293 bales offered, 1262 or 98% sold.

BUYERS
SAMIL             542/ 14
STUCKEN        482/ 11
MOS               218/ 03
NE                  20/0
MWT                0/ 0
PASSED            3

The final sale of 2013 saw some mixed results, with excellent individual clips achieving record prices and average lots trading in buyers favour. The price of fine kids remains unchanged while stronger kids traded easier by 2%. Strong young goats and fine adult traded easier by 3%, while the price of strong adult mohair remains unchanged. As stated in our pre-sale report there was a larger quality of inferior hair on offer which had an effect on prices.

The supply of greasy Cape mohair offered through the auction system increased with 5% for the year, while overall Cape Mohair production for 2013 has increased with an expected 3-4%.

Season’s purchases Cat 10/16                               2013 Purchases Cat 01/16
SAMIL             2669/ 70                                         SAMIL                5381/85
STUCKEN        2568/ 63                                         STUCKEN           5255/113
MOS               1261/ 34                                          MOS                  2173/91
MWT                437/ 13                                          MWT                     957/8
NE                   193/ 4                                            NE                       557/8
PASSED            12                                                PASSED                    28

The first sale of the new year takes place on the 18th February 2014 with approximately 90,000kg Cape mohair on offer.