TRADE has opened again with the first wool and mohair sales of the new season taking place in Port Elizabeth.
The sales run from August to June every year – the first sale of the new wool-selling season was held this week and the first winter mohair sale was held last week.
Cape Wools SA spokeswoman Lizelle Delport said the first wool sale on Wednesday was better than expected with the Cape Wools Merino indicator shedding 7.6% compared to the closing sale of the previous season and closing at R101.96 per kg (clean).
"This sale was marked by good demand and keen competition from the various sectors of the trade, which supported the firm price level. It was a large sale with 15607 bales on offer, of which 98% were sold. Major buyers were Standard Wool (4761), Lempriere (3422), Modiano (3041), Stucken & Co (1615) and Segard Masurel (1074)," Delport said. Traders said the weakening rand had helped soften the prices and reflected the Australian market conditions.
The average clean prices for the different wool categories' good top-making (MF5), long fleeces were as follows: 18 microns (µm) were down 5.7% to R113.19 per kg, 18.5µm shed 5.6% to 110.41 per kg, 19µm droµpped 7.3% to R107.98 per kg, 19.5µm dropped 7.8% to 104.96 per kg, 20µm shed 7.9% to close at R102.85 per kg, 20.5µm were down 8.2% at R102.32 per kg, 21µm dropped 7.9% to R101.89 per kg and 21.5µm were 8,1% cheaper at R101.70 per kg.
Last Monday the winter mohair season had a good start with sales 20% up from the corresponding sale of the 2012 winter season. According to a Mohair SA market report of the offering of 79 237kg on sale, 98.45% was sold with an average market indicator of R108.94 per kg.
Mohair SA general manager Deon Saaiman said the winter mohair season had kicked off on the positive trend on which the summer season had ended.
"This bodes extremely well for the rest of the winter season, with adult mohair also holding its ground, despite it being a traditional quiet period for China.
"The young goats' and kids' sectors are capitalising on the continuing strong demand in fashion as well as the interior sectors," Saaiman said.
There was good competition among all buying houses across all sectors of the mohair clip, with the highest price of R275.50 per kg paid for a bale of above average 26µm winter kid mohair.
Compared to the corresponding winter sale of 2012, mohair prices were as follows: kids (winter) up 36%; young goats (winter) up 18.5%; fine adults up 33%; strong adults up 11.6%.