The first sale of this season was a usual reduced offering of mixed types.
The much stronger Rand did nothing to dampen buyer’s enthusiasm. In US Dollar terms prices have increased by 10-12% when compared to the last sale in December. This combined with the market being an additional 2-3% dearer for all qualities indicated a very buoyant return to the auction season.
The next sale will be held on the 6th March with more normal offering of around 150/160 tons.