Mohair market soars

The recovery of the mohair market continued at the sixth sale of the 2010 winter season, with 97,7% of the 96 818kg on offer sold, and the average market indicator 8% up from the previous sale to close on R83,84, according to Mohair SA managing director Deon Saayman.

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Strong competition among the buying houses contributed to the good results, with winter kids up 5%, winter young goats up 7% and fine adults 10% higher. Demand from the Far East has also increased, boding well for the final sale of the winter season on 7 December, added Saayman.

Cape Mohair and Wool (CMW’s) Pierre van der Vyver said, “The enormous increase in demand for most types of mohair caught everybody by surprise, although the strong stance the industry took on the floor price certainly helped. At the same time the crippling drought caused a decline in supply.”Two bales of kids hair broke through the R200/kg barrier. Martin and Hein Truter of Oudtshoorn sold one for R207/kg and Rietbron’s Rothner Bekker sold one for R201/kg. CMW’s current overall market indicator is at R86,95/ kg, up 7,9%.