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.
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.
1 MARCH 2022.
USD/SAR 15.29
GBP/SAR 20.52
At today’s Cape sale there was strong competition for all types with prices rising 5-10% across the board for the second sale in a row. As we try to support our agents and customers we are using our stock position to keep prices as low as possible. We have not passed on any increases from today’s sale.
Kids up 5-10%.
YG up 5%.
Fine adult up 0%.
Strong adult up 10%.
The next sale is 22nd March 2022.
15 FEBRUARY 2022.
USD/SAR 15.10
GBP/SAR 20.45
At the first sale of the summer season, there was very strong competition over all types, especially the coarser lots, which are in short supply. Prices were up 3-5% in local currency but up to 10% dearer in USD.
Kids up 5%.
YG up 5%.
Fine adult up 5%.
Strong adult up 8%.
The next sale is 1st March 2022.
7 DECEMBER 2021.
USD/SAR 15.89
GBP/SAR 21.10
At today’s final sale of the winter season, there were 82 tons on offer with a healthy 99% clearance. The market indicator for the 2021 winter season was SAR 395, some 65% higher than the 2020 winter season.
Kids up 2%.
YG up 1%.
Fine adult up 3%.
Strong adult up 5%.
The next sale is 15 February 2022.
23 NOVEMBER 2021.
USD/SAR 15.70
GBP/SAR 21.09
At today’s Cape Sale there was 87 tons on offer and 96% sold under good competition. It appears the mohair fashion will last another year.
Kids unchanged.
YG 4% dearer.
Fine Adult 7% dearer.
Adult 2% dearer.
The next sale is 7th December 2021.
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.
28th September 2021.
USD/SAR 14.98
GBP/SAR 20.53
At today’s Cape sale there was strong competition (95% clearance) especially for the courser adult types. Kids and young goats seem to have peaked and we forecast some adjustment in the coming sales. A Basuto sale was held 27th September and prices were up to 30% dearer! Renewed demand for the velours yarns.
Kids 5% easier.
YG 2% easier.
Fine Adult Firm.
Course Adult Firm.
8th June 2021.
USD/SAR 13.55
GBP/SAR 19.23
At the final Cape sale of the summer season there was a 92% clearance of good quality mohair. Again, premiums were paid for RMS mohair. The SA rand had strengthened 3% since the previous sale which affected prices paid in local currency.
Fine kids 2% easier in USD.
Strong kids firm.
Young goats 2% easier in USD.
Strong adult 3% dearer in USD.
11th May 2021
USD/SAR 14.03
GBP/SAR 19.81
At today’s Cape sale (10th & 11th May) there was again strong competition from all buyers for all types. Most in demand were the adult qualities. The SA rand was 5% stronger than the previous sale this making the dollar dominated prices higher. The next sale will be 25th March.