Cape Sale 14th May

Cape Sale 14th May

14th May 2024

 

                                                                                                   USD/SAR 18.3941 

                                                                                               GBP/SAR 23.0956 

 

 The sixth Mohair sale of 2024 saw a limited offering of 112 tons, with 96% being sold with more competition from buyers.

 

The selection was the best style all season and shows there still demand in the market, and with the stronger RAND overall the market was up to 5% more expensive in USD terms.

 

Compared to the previous sale,

 

Kids 3% Dearer

Young Goats 2% Dearer

Adults 1-2% Dearer

 

The next and last auction of the summer season will be held on 4th June, with approx. 120 Tons on offer.

 

Kind Regards,