The average market indicator declined with 1.7% on the fourth sale of the summer season to close at R284.72/kg. Strong competition was received from the buying houses, even with the slightly stronger Rand. The strong adult mohair segment of the market came under pressure due to the suspension of mohair exports to China.
The average market indicator of kid mohair increased with 0.8% to close on R509.04/kg while the average market indicator of young goat mohair remained unchanged at R365.15/kg. The average market indicator of fine adult mohair remained unchanged at R283.77/kg while the average market indicator of strong adult mohair closed 2.1% cheaper on R242.14/kg.
The next sale of the 2019 summer season will take place on 7 May 2019.