Mohair market indicator sees marginal drop

The fifth mohair sale of the summer season saw 147 602kg on offer, of which 93% was sold.

The offering consisted of very good quality mohair, of which 83% was Responsible Mohair Standard-certified, according to Mohair South Africa.

The rand traded weaker, and the good competition on specifically the finer segments of the market had a positive impact on prices.

However, competition on the stronger mohair segments was weaker, with not all the buying houses showing interest.

The average market indicator was 1% lower than at the previous sale, closing on R374,33/kg.

A highest price of R885,80/Ȳkg was paid for a bale of goodstyle 24-micron kid mohair.

Compared with the previous sale, prices were as follows: kid mohair, up 6%; young goat mohair, down

2%; fine adult mohair, down 3%; and strong adult mohair, down 2%.

Pierre van der Vyver, general manager of The House of Fibre, described the sale as “satisfactory given the circumstances”.

“Beforehand, we were worried that prices would be under pressure due to the fact that there would be 150 000kg on the floor, with only two processors competing for the bulk of the adult and young goat hair,” he said.

“However, the offering consisted of high-quality clips, and there was no indication of a market collapse after we’d stated we would not accept any decrease of more than 5%.”

Fortunately, more buyers then became active, with competition for fine kids ending strong, and these types registering price increases from 5% to 9%.

Johan Lategan of Aberdeen (KleineBoland Boerdery) sold a bale of kids for R885,80/kg, the best price of the season so far, with Vitale Barberis Canonica from Italy as the buyer.

The next sale will see 50 000kg on offer. OVK’s market indicator closed at R376,85/kg and the broker’s bins sold well, with the highest price of R729/Ȳkg going for a bale of BSFFK.

The producers in the lot were Klipbak (Pty) Ltd, AG Louw, A Barnardt and PJ Lategan. OVK producer EE Brits from Jansenville sold a bale of CSFFK of 22,3 microns for R740/kg to Samil (Pty) Ltd. –