CAPE MOHAIR SALE 22/10/2024
CAT 24/13
Exchange rates - USD 1.00 = R 17.5795 EURO 1.00 = R 19.0210
Previous sale (01/10/2024) USD 1.00 = R 17.3020 EURO 1.00 = R 19.1862
1184 bales offered, 1072 or 91% sold
BUYERS
SAMIL 504/ 11
STUCKEN 461/ 11
MOSENTHALS 51/ 4
VBC WOOL SA 34/ 0
SUEDWOLLE 19/ 0
CONNACHER 02/ 0
L LOTTER TRUST 1/ 0
PASSED 86
Prices remained firm for all qualities on the fourth auction of the winter season. The sales clearance improved to 91% compared to 89% for the previous sale. Adult qualities accounted for only 20% of the offering which contributes to a narrow range of price differences between micron groups.
Extreme weather patterns continue to pose a risk to the industry. The flooding that took place in Port Elizabeth and surrounding areas the past two days is a stark reminder of our dependence on nature and that more should be done to address climate change starting with our own industry.
Price movements
Kids unchanged
Young goat unchanged
Fine Adult unchanged
Adult +1 %
The next Cape auction will take place on the 05th November with approximately 135 tons on offer