Author:Will Taylor

6^TH September 2023

USD/SAR 19.1484

GBP/SAR 24.0829

EURO/US $ RATE 1.07

The 2^nd winter sale of the season saw 138,662kg on offer with 81% clearance.

While kid types were strong, up 2%, coarser types were down 2-5%.

This sale followed a strong Basuto sale on Monday 4^th September where all types were well sought after.

The next Cape sale will be held on 26^th September 2023.

Kind Regards,

16^th August 2023

USD/SAR 19.0747

GBP/SAR 24.2726

The first winter sale of the season, 15^th August, saw a mixed offering of 103,985kg with an 89% clearance.

While kid types were strong considering the worldwide economic situation, and holidays in Europe, other types were down 5-6% in rand terms.

The next auction will be held on 5^th September 2023.

Kind Regards,

7^th June 2023

USD/SAR 19.2106

GBP/SAR 23.8941

The final summer season Cape sale saw a larger than expected offering of nearly 180,000kgs and due to the large offering prices were slightly softer for most types, however Kid combing types had good demand and prices remained firm. The weight offered this summer season has seen an increase of 15% in volume compared to 2022.

Kids – Firm

YG – 4% Cheaper

Adult 4% Cheaper

The next sale will be held on 15^th August 2023.

                                                                                                  22ND NOVEMBER 2022.

 USD/SAR 17.30

 GBR/SAR 20.48

At today’s Cape sale there was good demand for high quality offerings. Prices rose on average by 5% in local currency but by 7% in USD terms. There is only one more sale 6^th December. The next one being February 2023 ! We expect big pressure on the final sale in December.

Kids up 4-6%

 YG up 6-8%

 Adult up 3-5%

The next sale is 6th December.