::: mohair :::

CAPE MOHAIR SALE CAT:  19/11        03/09/2019

Exchange rates – USD 1.00 = R 15.1500  /  EURO 1.00 = R 16.5362
Previous sale -   USD 1.00 = R 15.3250  /  EURO 1.00 = R 17.1671

1190 bales offered, 1000 or 84% sold.

BUYERS
SAMIL                     469/ 25
STUCKEN                317/ 52
MOS                       105/ 35
SUEDWOLLE SA        94/ 9
NE                           15/ 1

PASSED                    68

Negative sentiment in China continues to have an adverse influence on the price of natural fibres. Despite overall low stock levels demand for young goat and adult mohair was subdued on today’s auction. A large percentage of adult mohair was taken in by the brokers at prices below their reserve levels in an effort to support the market. Kid mohair saw good competition and prices remained fully firmed.

In comparison with the previous sale price movements were as follows:
Kids                     Unchanged

Fine Kids
Young goats         12 % down
Fine Adult             14% down
Adult                    10% down

The third Cape sale for the winter season will take place on the 25th September 2019 with approximately 170.000kg on offer.