WHILE good sales were achieved in the mohair sector, the wool market declined in Port Elizabeth this week.
Prices were lower at Cape Wools SA's sale in Port Elizabeth yesterday, which saw the Cape Wools merino indicator shed 2.1% to close at R109.63/kg (clean).
The South African market closed dearer to Australia this week, but according to traders the small offerings reflected the current drop in price levels, Cape Wools SA spokeswoman Lizelle Delport said.
A total of 6436 bales were on offer, of which 98% were sold.
The average clean prices per kilogram for the different categories of good top- making (MF5), long fleeces were as follows: 18 microns were down 3.3% to R119.38, 18.5 microns shed 3.9% to R115.60, 19 microns dropped 2.2% to R115.35, 19.5 microns fell 2.1% to R113.31, 20 microns shed 2.8% to R110.05, 20.5 microns were down 2.6% at R108.82, 21 microns dropped 2.1% to R108.54, 21.5 microns fell 2.3% to R108.01 and 22 microns were down 1.4% to close at R107.88.
On Tuesday the upward trend in the mohair market continued with the third mohair sale of the 2013 winter season. A total of 173421kg was offered, with 96.5% of the offering sold. Mohair SA said the average market indicator gained 4% from the previous sale to close on R116.61/kg.
The highest price of R322/kg was paid for a bale of 25-micron, good-style winter kid mohair.
Compared to the previous sale, mohair prices were: kids (winter) up 9.3%, young goats (winter) up 4.8%, fine adults up 6.7% and strong adults down 2.5%.