The first sale of the 2020 summer season took place in Port Elizabeth today, 11 February 2020, with 62 850 kg on offer.
Although the offering of the first sale is always mixed and varied in length, the buyers actively competed for the small quantity of mohair on offer.
The good competition for mohair combined with a weaker South African currency resulted in a 4% increase in the average market indicator in comparison to the last winter sale of 2019 to close on R227,73 p/kg.
A Highest price of R532.10 p/kg was paid for a bale of average style 22 micron kid mohair.
Compared to the previous sale, the prices were as follows:
Kids (summer) Up 2%
Young Goats (summer) Up 3%
Fine Adults Up 6%
Strong Adults Up 2%
Average Up 4%
The second sale of the 2020 summer season will take place on 5 March 2020.