New player pays top price for kid mo­hair in PE

Weekend Post (South Africa) - - NEWS -

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.

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