16th MAY 2023.
USD/SAR 19.69
GBP/SAR 23.86
At today’s Cape sale there was a good offering of high quality mohairs, especially the fine kids. With only one sale remaining there was good competition on main types. Local currency was weaker which helped keep prices firm to dearer.
Kids up 2%.
YG up 1%.
Adult firm.
The next sale will take place on 6th June 2023.
26th APRIL 2023.
USD/SAR 18.2946
GBR/SAR 22.7585
Despite a very large offering of 147,602kgs there was a strong clearance of 93% with the market holding up relatively well in USD terms. With Kid types being especially well sought after increasing 65 in SAR terms.
Kids up 6%.
YG down 2%
Adult down 2-3%
The next sale will take place on 16th May 2023.
4th APRIL 2023.
USD/SAR 17.79
GBR/SAR 22.10
At today’s Cape sale there was 110 tons on offer with 93% sold under strong competition. Prices in local currency were 3-4% lower, however the prices in USD were fully firm.
Kids firm.
YG firm.
Adult firm.
The next sale will take place on 25th April 2023.
Last month, some of the Seal International fibre team travelled to Port Elizabeth in South Africa, to meet with our exclusive buyer who is based in Port Elizabeth and attend the mohair fibre cape sale in March.
Our global reputation for reliability and availability doesn’t only come from being one of the world’s largest stockholders of noble fibres, it also comes from our company ethos and how we develop partnerships with suppliers as well as customers.
We ensure we source the best quality products from the most trusted suppliers & origins. Our trip to South Africa was another fantastic opportunity to dive into the appraising process in the mohair fibre stores & implement our solid buying strategies for the season with Alice, as our contact on the ground.
We met with Alice, the week before the auction, where we began our preparation for the auction by visiting ‘House of Fibre’ mohair stores. Our first job is to analyse the mohair fibre catalogue and view the bales of mohair which are lined up in number order, ready for appraising. We visually assess the length, yield & micron of the fibre in each of the bales/bins at the stores, and select the mohair fibre we are interested to purchase which is Responsible Mohair Standard (RMS) mohair. This preparation can be done up until the day before the auction begins.
On the day of the auction, we met again with Alice and headed for a full day of buying at the cape mohair sale. The auction room was full, with buyers from other companies, there was an air of excitement & tension in the room as the Seal International team was present for the first time since before the COVID-19 pandemic. And the open cry bidding commenced.
After a successful day of buying, we met for a debrief with our newest team member Laverne who is handling our logistics as well as the transaction certificates as part of the RMS mohair auditing procedure.
Following the debrief meeting we update our market quote prices for our customers to work from.
The greasy mohair lots which we purchase at the sale are then booked in our system for processing. Some of which are done in the cape & some are done in the UK at our own mill.
It was a great trip and wonderful to meet with Alice & Laverne & we look forward to seeing them soon at the Basuto sale on June 13th.
21st MARCH 2023.
USD/SAR 18.25
GBR/SAR 22.01
With 132 tons on offer resulting in an extremely strong clearance of 98% the market rose 2-5% on the back of strong bidding.
Kids up 4%.
YG up 2%.
Adult up 5%.
The next sale is 4th April
7TH MARCH 2023.
USD/SAR 18.25
GBR/SAR 22.01
At the second sale of the summer season there was a very large offering of over 200 tons. There was very strong competition on most types with prices rising 3-10%.
Kids up 5%.
YG firm.
Adult up 5-10%.
The next sale is 21st March.
14TH FEBRUARY 2023.
USD/SAR 17.84
GBR/SAR 21.65
At today’s first sale of the summer season there was a small offering of 85 tons. There was strong competition on all types with prices rising across the board.
Kids up 6%.
YG up 12%.
Adult up 15%.
We hope you all have a good festive break.
The next sale is 7th March when there will be 150 tons of excellent quality mohair.
6TH DECEMBER 2022.
USD/SAR 17.23
GBR/SAR 21.14
At today’s Cape sale, the final one of the season, there was strong competition with a 93% clearance. Prices were very strong.
Kids 3-5% dearer.
YG 1% easier.
Adult 3-5% dearer.
We hope you all have a good festive break.
The next sale is 14th February 2023.
8TH NOVEMBER 2022.
USD/SAR 17.7629
GBR/SAR 20.3829
Today’s Cape auction saw much better demand than the previous auction, with keen bidding on kid and young goat types which were up 3-5%. There was slightly less interest in adult types.
The next sale is 22nd November.
18TH OCTOBER 2022.
USD/SAR 17.9937
GBR/SAR 20.4121
This Basuto and Cape auction very much followed the tone of the previous auction held on 26th/27th September.
Select types were in good demand, however others saw lots not meeting the brokers’ reserve price, these still attracted good interest after the auction at lower levels. This shows there is still demand in specific types despite the global uncertainty.
The next sale is 8th November.