13th February 2024
USD/SAR 18.8429
GBP/SAR 23.8268
The first sale of the summer season 2024 saw a demand on young goat and shortage on adult with good demand from all buyers resulting in a clearance of 98% against an offering of 109,000kgs.
Kids – 5% dearer
Young Goat – 10%-15% dearer
Adult – 12%-14% dearer
The second sale of the 2024 summer season will take place on 5th March 2024.
Kind Regards,
5th December 2023
USD/SAR 18.9221
EURO/USD RATE 1.08
GBP/SAR 23.8362
The last winter sale of 2023 ended on a positive note, with good demand from all buyers resulting in a clearance of 94% against an offering of 130,000kgs.
With better style and quality lots fetching a good premium above overall market levels.
Kids – Firm to 3% dearer
Young Goat – Firm
Adult – 2-3% dearer
Kind Regards,
14th November 2023
USD/SAR 18.7052
GBP/SAR 22.7480
EURO/US $ RATE 1.09
The 6th winter sale of the season saw a good quality offering of 140 tons, with 92% sold.
Overall, the market was strong increasing by 3-4% for most types, while kids remained firm.
The final winter sale will be held on 5th December.
Kind Regards,
31st October 2023
USD/SAR 18.7217
GBP/SAR 22.7544
The 5th winter sale of the season saw 117,447kgs on offer, resulting in a strong clearance of 88%.
Young goats were in strong demand with an increase of 3-4%. All other qualities were firm. The stronger rand means a rise overall in USD terms.
The next sale will be held on 14th November with approx. 160 tons on offer.
Kind Regards,
26th September 2023
USD/SAR 18.8647
GBP/SAR 22.9734
EURO/US $ RATE 1.06
The 3rd winter sale of the season saw 123,087kg on offer with a clearance of 84%.
Kid types were firm, with all others easing slightly. However, the market was more or less firm in USD terms.
The next sale will take place on 10th October 2023.
Kind Regards,
6TH September 2023
USD/SAR 19.1484
GBP/SAR 24.0829
EURO/US $ RATE 1.07
The 2nd 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 4th September where all types were well sought after.
The next Cape sale will be held on 26th September 2023.
Kind Regards,
16th August 2023
USD/SAR 19.0747
GBP/SAR 24.2726
The first winter sale of the season, 15th 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 5th September 2023.
Kind Regards,
7th 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 15th 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 6th 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.