New player pays top price for kid mohair in PE
AN auction in Port Elizabeth this week saw a new competitor pay top dollar for winter kid mohair, reaching the highest price in the past four years.
Cape Mohair and Wool’s (CMW) second mohair auction of the year saw Germany’s Südwolle Group, a global leader in wool and yarn manufacturing, pay R520.50 per kilogram of winter kid mohair, pushing the price past R500 for the first time since 2014.
Südwolle recently took over Italian yarn manufacturer Safil, which was a major player in the global mohair market.
CMW mohair manager Pierre van der Vyver said Südwolle brought a new competitor to the industry, and could stimulate the markets by providing some competition for other yarn manufacturers.
“Losing Safil was unfortunate, but Südwolle is a much bigger company that has a lot more potential for stimulating growth in the mohair industry.
“The way they came in and paid a record price for winter kid mohair right off the bat paints a positive picture heading into 2018,” Van der Vyver said.
He said some upward trends over the first two auctions of 2018, coupled with good rain in some of the country’s major mohair producing regions, could have a positive impact on the markets and farmers.
The record lot bought by Südwolle came from father and son farmers Weeber and Martino Truter near Oudtshoorn.
Van der Vyver said the mohair produced on the Truter farm was always of high standard.
“This great achievement came at a very difficult time.
“We are coming out of arguably the worst drought South Africa has ever seen.
“Producing a product of this quality means spending a lot of time, money and resources on your animals, and we congratulate the Truters for what they have accomplished,” Van der Vyver said.