The sixth and second-last mohair sale of the 2019 summer season, met all the expectations forecast in the previous report.

Record prices left, right and centre

A new world record price was set for young goats (presented as winter kids) at a massive R589/kg! This exceeds the previous record by almost R60/kg. These 24,8 micron, 89,1% clean yield bales with excellent length and style, were identified by means of the EGT-method which requires commitment and great care.

This two-bale lot was offered by Ben van der Westhuyzen from Adelaide and was bought for a client in Italy. The well-known farther/son duo of Billy and Fred Colborne from Willowmore, also achieved a seasonal record price for their best bale of summer kids at R801,10/kg. Their entire clip sold for the best average ever at R426,66/kg. (Bear in mind that these top clips must still sell their competition bales in three weeks’ time to obtain their real average).

Sales analysis

The price of kids hair increased by 2% with a market indicator of R438,56/kg and 100% sale clearance. Young goat hair remained unchanged with a market indicator of R322,60/kg and a sale clearance of 100%. Adult mohair was unchanged with a market indicator of R235,99/kg and 100% sold. This brought the overall sale clearance to 100% and the overall market indicator to R293,18/kg, which represents an increase of 1%.

The market outlook

It was once again a privilege to auction some of the best mohair clips in the world. It is astonishing how individual farmers, most of them stud farmers, manage to improve their clips every year under very trying circumstances, especially considering the current drought. The average market price did not change much from the previous sale and this trend is expected to continue at the last sale of the summer season in three weeks’ time.

Everyone is now looking forward to the special Ermenegildo Zegna sale, where all the top summer kid bales of the world will compete. In 2018 we saw a new world record of R1 246,10/kg by Van Hasselt Farming of Prince Albert, with Jan Lategan of Aberdeen emerging as the final winner.

The last sale of the summer season will be offered in Port Elizabeth on 18 June 2019. – Pierre van der Vyver, OVK