CAPE REPORT

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.

CAPE REPORT

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.

CAPE REPORT

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.

CAPE REPORT

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.

CAPE REPORT

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.