::: mohair :::

CAPE MOHAIR SALE            13/02/2024
CAT 24/ 01

Exchange rates -                     USD     1.00 = R 18.7995      EURO  1.00 = R 20.2414

Previous sale (13/02/2024)       USD     1.00 = R 18.7845      EURO  1.00 = R 20.3380

880 bales offered, 864 or 98% sold

BUYERS
SAMIL                         353/ 02
STUCKEN                    381/ 02
MOSENTHALS               83/ 0
VBC WOOL SA               0/ 0
SUEDWOLLE                 0/ 0
CONNACHER               47/ 0
PASSED                         12

The summer season opened on a positive note with a 98% sales clearance and keen competition especially on the coarser part of the clip. Young goats, which were heavily discounted last year, saw substantial price gains.

Mohair exports for December exceeded 360 tons with the majority shipped to the Far East. Positive sentiment building up to the Lunar new year as well as prompt orders in recent week from the Italian market continues to stimulate demand for raw material.

Price movements
Kids                   + 4 %
Young goat         + 13 %
Fine Adult           + 12 %
Adult                  + 10 %

The next Cape auction will take place on the 05th March with approximately 170 tons on offer