APE MOHAIR SALE 11/02/2025
CAT 25/01
Exchange rates - USD 1.00 = R 18.4745 EURO 1.00 = R 19.0528
Previous sale (19/11/2024) USD 1.00 = R 18.0945 EURO 1.00 = R 19.0318
561 bales offered, 549 or 98% sold
BUYERS
SAMIL 226/ 1
STUCKEN 208/ 4
MOSENTHALS 77/ 3
SUEDWOLLE 28/ 0
VBC WOOL SA 0/ 0
CONNACHER 5/ 0
L LOTTER TRUST 5/ 1
PASSED 4
The first auction of the summer season was smaller than anticipated with only 75 000kg on offer. There was better competition especially for the 29 to 31 micron range which was neglected the previous selling season.
The Karoo is experiencing a very dry summer and extreme heat which generally results in finer mohair and a lower yield per animal. The quantity of adult mohair on offer may be limited throughout the season.
The Rand depreciated by 2% to the USD but remained unchanged against the Euro compared to the closing auction of last year
Price movements
Kids +5%
Young goat +4%
Fine Adult +3%
Adult +3%
The next Cape auction will take place on the 4th March 2025 with approximately 180 tons on offer.