The last auction of the 2017 mohair season took place in Port Elizabeth today, with 90 249kg on offer. Almost 100% of the offer was handed out, which consisted of shorter and stronger hair than the previous auction, especially in the young kid hair segment.
The market maintained its good levels from the previous auction, with the market indicator closing unchanged from the previous auction at R233,94 per kg. In spite of the stronger SA currency, demand was still good with the decline in young kids due to quality.
The market closed 24% higher than the opening auction of the winter season, with the average market indicator for the season which amounted to R212.75, which is 14% higher than the corresponding 2016 season.
A highest price of R345.00 per kg was paid for a bale 26 micron above average young kid hair.
Auction volumes for the 2017 year are 2.5% lower than 2016, but production volumes are expected to be even lower when all statistics are released.
Compared to the previous auction prices were as follows:
Young goat hair (winter) decreased 3%
Young goats (winter) unchanged
Fine Adult Mohair unchanged
Strong Adult Mohair increased 1%
The first auction of the 2018 season will take place on 13 February 2018
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