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Mohair market improves


The fourth mohair sale of the 2012 summer season on Tuesday dished up above average prices.

Mohair South Africa says this was a result of another good quality offering and strong competition amongst buyers.

General manager, Deon Saayman, says there was an overall sales clearance of 98%.

"I think what surprised us the most was the adult market which jumped up by about 10% on average. We did see some signs in the market that there was better interest from China but we didn't expect such a big jump," he said.

"All categories were up yesterday and we are sitting with an overall market indicator of R94 per kg which is very good and a positive sign for the rest of the season as well," he said.

Mohair SA says compared to the previous sale prices were as follows:
Kids (summer) up 4.4%
Young goats (summer) up 3.7%
Fine adults up 9.6%
Strong adults up 10.3%
Average up 4%

The next auction is schedule for 15 May 2012.