14TH FEBRUARY 2023.
USD/SAR 17.84
GBR/SAR 21.65
At today’s first sale of the summer season there was a small offering of 85 tons. There was strong competition on all types with prices rising across the board.
Kids up 6%.
YG up 12%.
Adult up 15%.
We hope you all have a good festive break.
The next sale is 7th March when there will be 150 tons of excellent quality mohair.
6TH DECEMBER 2022.
USD/SAR 17.23
GBR/SAR 21.14
At today’s Cape sale, the final one of the season, there was strong competition with a 93% clearance. Prices were very strong.
Kids 3-5% dearer.
YG 1% easier.
Adult 3-5% dearer.
We hope you all have a good festive break.
The next sale is 14th February 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.
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.
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.
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.
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.
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.
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.
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.