Cape Sale 19th October
18/19 October 2021.
USD/SAR 14.67
GBP/SAR 20.15
At Monday’s Basuto sale there was extreme competition and prices rose across the board. Supply is small and availability limited as the clip lasts from August to November.
At Tuesday’s Cape sale (started Monday as it was a large offering) there was good demand for all RMS types. The market is starting to correct itself. Clearance was an excellent 92% of the 150 tonnes offered. Prices in USD terms were:
Kids 3% down.
YG 3% down.
Adult 4% down.
The next sale is 9th November.