For the first time this season mohair sellers felt the full benefit of a weaker rand, when the market increased 3,6%. “The demand for kid mohair in particular was responsible for a 17,3% increase for these types, compared to a year ago,” said Pierre van der Vyver, Cape Mohair and Wool (CMW’s) general manager for mohair. He believes that now the expected demand for kid mohair has materialised, this level should be maintained for the immediate future, barring a dramatic exchange rate movement.
“There is a temporary oversupply of the stronger young goat/very fine adult group of mohair, caused by last year’s drought,” said Van der Vyver. “This is the reason for the downward trend in price for this kind of hair. This problem should rectify itself during the season when the supply starts to dwindle. The good demand for adult mohair should maintain the current price level.” CMW’s EGT-tested Pure Cape young goat bin established a new national price record for this type at R273,10/kg, sold to A Dewavrin Freres from France. Barries Snijman also established a new seasonal record for kids at R293/kg when his Camdeboo bale was sold to Stucken & Company. According to CMW’s stats for the sale, kid mohair rose 12,4% with a market indicator of R152,89/kg and a sale clearance of 97%.
Young goat hair fell 4,3% with a market indicator of R62,43/kg and a sale clearance of 87%, and adult mohair rose 1% with a market indicator of R49,42/kg and sale clearance of 100%. This brought the overall sale clearance to 96%. Compared to the previous sale’s prices, kids rose 25,5%; young goats fell 6%; and adults were unchanged. – Roelof Bezuidenhout
