Cape Mohair Report Tag

Cape Sale 22nd November

                                                                                                  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.

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Cape Sale 8th November

                                                                                                 

                                                                                                     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.

 

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Cape Sale 18th October

                                                                                                 

                                                                                           

                                                                                                      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.  

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Cape Sale 26/27th September

                                                                                                 

                                                                                              26/27TH SEPTEMBER 2022.

                                                                                                   

USD/SAR 17.86

GBP/SAR 19.31

 

At today’s Cape and Basuto mohair auction there were mixed signals, as there are throughout the world at the moment, variable currency, high inflation, rocketing energy costs. Certain specific types were in demand whereas others did not meet the brokers’ limits.

 

The next sale is 18th October.

 

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Cape Sale 16th August

                                                                                                 

16 AUGUST 2022.

                                                                                                   

USD/SAR 16.42 

GBP/SAR 19.75

 

At today’s Cape sale there was a smaller offering than anticipated due to a large quantity being affected by flood damage. The holiday season is still taking place in Europe so new demand is limited.

 

Prices were generally lower by 5-7%.

 

The next sale is 6th September.

 

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Cape Sale 7th June

                                                                                                 

7 JUNE 2022.

                                                                                                   

USD/SAR 15.36 

GBP/SAR 19.32

 

 

At today’s final sale of the summer season there were 1079 bales offered and 923 (86%) were sold under strong competition. The SAR was 3% stronger, on top of which the market was mainly firm.

 

Kids down 1% in SAR up 2% in USD.

 

YG down 4% in SAR down 1% in USD.

 

Fine Adult down 4% in SAR down 1% in USD.

 

Strong Adult down 3% in SAR firm in USD.

 

The next sale is 16th August.

 

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Cape Sale 24th May

                                                             

 

                                                                                                   24 MAY 2022.

USD/SAR 15.80 

GBP/SAR 19.88

 

 

At today’s (6th) sale of the summer season 130 tons offered with 85% sold under strong competition. SA Rand was 2% stronger than the previous sale which added to the strength of the market.

 

Kids up 2% in SAR up 4% in USD.

 

YG up 2% in SAR up 4% in USD.

 

Fine Adult unchanged in SAR up 2% in USD.

 

Strong Adult down 5% in SAR down 3% in USD.

 

The next sale 7th June is the last of the season. The winter sales will open 16th August.

 

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Cape Sale 10th May

                                                                                                   

10 MAY 2022.

                                                                                                   

USD/SAR 16.11

GBP/SAR 19.90

 

At today’s Cape sale there was very good demand despite global events. It appears that some areas of fashion are slipping but traditional users remain strong.

 

 

Kids up 2% in SAR (down in USD).

 

YG down 4% in SAR (down in USD).

 

Fine Adult down 3% in SAR (down in USD).

 

Strong Adult down 3% in SAR (down in USD).

 

The next sale is 24th May.

 

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Cape Sale 12th April

                                                                                                   

12 APRIL 2022.

                                                                                                   

USD/SAR 14.56

GBP/SAR 18.94

 

At the Cape sale 12 April 2022 there was 151 tons offered of which 94% was sold under strong competition. Prices in local currency were down 2-4%, however in USD prices were firm.

  

Kids down 2% in SAR, up 1% in USD.

 

YG down 4% in SAR, down 1% in USD.

 

Fine Adult down 5% in SAR, down 2% in USD.

 

Strong Adult down 1% in SAR, up 2% in USD.

 

The next sale is 10th May.

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Cape Sale 22nd March

                                                                                                   

22nd MARCH 2022.

                                                                                                   

USD/SAR 14.74

GBP/SAR 19.45

 

At the Cape Sale on Tuesday 22nd March there was 170 Tons on offer. Due to the size of the sale and the keen bidding the sale was extended over 2 days (hence the delayed report). Prices were generally 2-3% dearer in local currency, however the SA rand has strengthened by 3.5% due to the strength of its gold reserves in times of conflict, meaning USD prices were 5% dearer.

 

Kids up 5%.

 

YG up 5%.

 

Fine adult up 2-5%.

 

Strong adult up 5%.

 

The next sale is 12th April.

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