::: mohair :::

CAPE MOHAIR SALE CAT:  19/10        13/08/2019

Exchange rates – USD 1.00 = R 15.3250  /  EURO 1.00 = R 17.1671
Previous sale -   USD 1.00 = R 14.6300  /  EURO 1.00 = R 16.3563

595 bales offered, 430 or 72% sold.

BUYERS
SAMIL                     138/ 67
STUCKEN                182/ 61
MOS                        51/ 28
SUEDWOLLE SA        47/ 8
NE                           12/ 0

PASSED                    1

Mohair is one of the world’s most versatile natural fibres. The different applications of this scarce raw material can result in substantial price differences depending on the touch or look required by the market at any given time.

It is clear that kid mohair continues to attract keen interest in Europe as well as the Far East. Stock levels in the hands of processors, traders and spinners remain low. This, together with ssupply constraints (as experencied on today’s auction) may keep prices at high levels for the foreseeable future.

The demand for young goat and adult mohair form China has been disappointing for the first half of 2019. Today’s offering saw less competition and subsequent lower prices for these qualities. The brokers have declared a large percentage of adult mohair “not sold ” in order to consult with the producers.

In comparison with the previous sale price movements were as follows:
Kids                     Not quoted – small offering.

Fine Kids
Young goats         3-5% down
Fine Adult
Adult                    7% down

The second Cape sale for the winter season will take place on the 03rd September 2019 with approximately 140.000kg on offer.