Mohair market steadies

The second-last mohair sale of the winter season was characterised by good competition among all five buying houses. But prices moved sideways, with the rand’s 2% weakening helping only the young goat component of the clip. E GT-tested clips once again fetched the top prices for kids, with the best price of R187/kg being paid for a Cape Mohair and Wool (CMW) PureCape bin lot. A bale belonging to Peter Cawood of Klipplaat realised the second-highest price of R185,02/kg. Pierre van der Vyver, GM for Mohair at CMW, said the market is expected to remain stable with only major exchange-rate movements likely to have any effect. Meanwhile, CMW was involved with negotiations for possible EGT contracts. Mohair South Africa said this sale, the sixth of the 2007 winter season, ended in positive territory compared with the previous one. The average market indicator increased by 1% to close at R64,16. A relatively small amount of mohair was on offer and a sale clearance of 96% was achieved. A number of bales of fine kid’s hair was declared not sold. Price movements compared with the previous winter sale were as follows: kids increased by 2,4%; young goats increased by 2,3%; fine adults were unchanged; strong adults decreased by 1%. – Roelof Bezuidenhout