Cape Report

At today’s Cape auction market uncertainty was reflected in a subdued sale. We quote as follows:

Fine Kids 25/28mic were firm unchanged.
Stronger Kids/Fine Young Goats 5/7% easier.
Strong Y. Goats/Fine Adult (32/34mic) 10/15%easier.
Adult 10% easier.

We have a 3 week gap until the next sale which will be held on the 25th September 2019.

CAPE REPORT

13th August 2019
USD1.00 = Rand 15.2911

As is usual with the first sale of the season there was a smaller than usual amount of mohair available consisting mainly of less attractive more average qualities generally lacking in overall length.

We are quoting the market as generally 6/7% easier across all the types sold but prices were somewhat erratic due to the nature of the mixed offering.

The next sale will be held 3rd September 2019 when a more normal quantity of hair will be available with better lots expected.

CAPE REPORT

18th June 2019
USD1.00 = Rand 14.7766

At the last sale of this season there was good general competition with particular interest on kid/young goat qualities. We quote the market:

Fine Kids 23/27mic up 1% dearer

Stronger Kids/Fine Y. Goats firm/unchanged

Fine Adult/Adult 1% easier

There will now be a break in mohair being auctioned until the next sale being held on 13th August.

CAPE REPORT

USD1.00 = Rand 14.4165

At today’s Cape sale there was very strong demand for all qualities, with spinner kids being extreme. A combination of low supply and continued demand is keeping the market at record levels.

Spinner Kids up 15%
Fine Kids up 2%
Strong Kids up 2%
Young Goats unchanged
Adult up 2%

The final sale of the season will be held on 18th June.

CAPE REPORT

7th May 2019
USD1.00 = Rand 14.4500

Today’s auction began firm on the levels of the previous sale last with stronger Kids 27/8mic slightly dearer.

As the sale progressed the market across the board strengthened to close more expensive for all qualities particularly on the Fine Kid types. Any Adult hair which was previously taken in was sold on the auction resulting in a good clearance figure for the whole sale.

Next sale will be held in 21st May which will be the penultimate sale of this season.