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.