19th March 2019
USD1.00 = Rand 14.4445
At today’s sale there was good competition from all Buyers on a much improved overall selection.
In S.A. Rand terms the market was:
Fine Kids 23/26 mic 2/3% easier
Stronger Kids 27/9 mic 2/3% easier
Fine Y. Goats 30/32 mic Par to 1% dearer
Strong Y. Goats 33 mic 5% dearer
Fine Adult/Adult Par to 1% easier
Our next sale will be held on the 16th April with approximately 160 tons to be auctioned.
At today’s cape mohair sale there was a lot of interest and keen competition on Kid and Young Goat qualities. We quote the market as follows:
Fine Kids 26mic and finer – 10% dearer
Stronger Kids/Y. Goats 27/32mic – 5/6% dearer
Adult Types firm/unchanged
We are expecting a more normal size offering of approximately 160 tons to be available on the next sale which is being held on 19th March.
At the last sale of this season the limited offering combined with the stronger SA Rand resulted in the following:
Kids fully firm/unchanged with last sale levels.
Adult mohair up to 5% easier with young goat qualities buyers favour /2% easier.
There will be no further opportunity to buy mohair until the 1st sale of the new season which will be held mid-February 2019.
With the smaller offering at today’s auction there was very good interest for all qualities.
We quote as follows:
Fine Kids 3 to 4% dearer
Stronger Kids/Fine Young Goats 2% higher
Strong Young Goats/Adult were firm/unchanged from last sale levels
The last remaining sale of this season will be held on the 4th December with another smaller offering of around 70/80 tons available.
Today’s cape mohair sale was unchanged overall on most types when compared to the previous auction.
The limited offering of better quality hair did command a slight premium over the more average quality lots available.
In line with expectations, as we reach the end of the season supply is significantly reduced.
The next sale will be held on 20th November and will contain a reduced offering of around 70/80 tons.
Today’s auction results as follows in S.A. Rand terms:
Fine Kids 1-2% dearer
Stronger Kids/Fine Young Goats 1 -2% easier than last sale.
Strong Young Goat/Adult 2% easier.
Overall there was good competition for all qualities and with a reduced sale of less than 100 tons being held on 6th November there remains limited mohair stocks towards the end of the season.
Today’s auction results as follows:
Fine Kids 25/28 micron 29/33 mic fully firm to 1% dearer.
Stronger Kids/Y Goats 29/33 mic 4% easier than last sale.
Fine Adult/Adult 34/38 mic 6% easier.
Overall there was fairly good general competition for all qualities and with the Rand strengthening by 5% against the US dollar prices are broadly comparable with last sale levels.
The next sale will be held on the 16th October.
All mohair types continued to enjoy good competition at today’s sale.
We quote the market in rand terms:
Fine kids 9-12% dearer
Standard kids 8-9% higher
Young goats 9% more expensive
Fine adults 8% dearer
Next sale will be held on 25th September with approximated of 160/170 tons on offer.
At the first sale of the new season there was good all round competition for all qualities on a smaller than average offering.
Young goat types were firm unchanged with adult slightly dearer. The small offering of kids 1-2% dearer.
Next sale will be held on 4th September with an increased weight offering more in line with the usual quantity of 150/160 tons.
At the last sale of the season all types increased in Rand terms as follows:
Fine Kids 3% dearer
Average Kids 7/8% dearer
Young Goats and Adult types 5% dearer
Short scouring types were in keen demand finishing 10/15% dearer
There is now a 2-month summer break until the next auction of the new season which will be held on 14th August 2018.