APE MOHAIR SALE 03/12/2024
CAT 24/16
Exchange rates - USD 1.00 = R 18.0945 EURO 1.00 = R 19.0318
Previous sale (19/11/2024) USD 1.00 = R 18.0595 EURO 1.00 = R 19.0690
952 bales offered, 891 or 94% sold
BUYERS
SAMIL 391/ 8
STUCKEN 402/ 10
MOSENTHALS 72/ 3
SUEDWOLLE 0/ 0
VBC WOOL SA 11/ 2
CONNACHER 0/ 0
L LOTTER TRUST 15/ 1
PASSED 37
The market remained firm on the closing sale of the year. As per the norm there was a larger component (16%) of inferior qualities on offer as the brokers cleared their binned lots. Low yielding kid lots were discounted while fine adult qualities enjoyed more competition.
The Rand remained mostly unchanged against major currencies compared to the previous auction but has appreciated by 3.7% to the USD and 6.2% to the Euro compared to the closing auction of Dec 2023.
Price movements
Kids -2%
Young goat -1%
Fine Adult +1%
Adult unchanged
The continued increase of mohair offered on the official auction system is encouraging. The main factors contributing to higher production is favourable grazing conditions as well as better financial yields on angora goats compared to other small stock.
Bales offering during 2024 increased by 12%
Bales offering during the winter season increased by 17%