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.