Home / Knowledge / News / Textiles / Emergency measures instituted in the Adult mohair sector
Emergency measures instituted in the Adult mohair sector
13
Oct '10
The fourth sale of the 2010 mohair winter season took place (12 October 2010) with a total of 108 676kg on offer, and the biggest news was the 9% decline in the adult mohair market indicator, to close at R70.85, despite emergency intervention from the mohair industry.

The drop in the adult market indicator was exacerbated by the poorer quality of the clip on offer.

Turning to the emergency intervention, Deon Saayman, general manager of Mohair South Africa, says that the Mohair Pools company stepped in to assist producers following the sudden decline in the international adult mohair market. “They agreed to take in adult mohair at a 45% premium above the current floor price level, effective immediately, for the remainder of the current winter season.”

The decision was taken after several emergency meetings convened by the Mohair Pools company and the Mohair Trust, within the mohair industry and follows increased reports of producers succumbing to the sustained and crippling drought in the Eastern Cape region. “We took the decision to introduce these measures because of the very real risk of more producers making the decision to opt-out of mohair production. Added to which, the ban on buying adult mohair by China due to the Rift Valley Fever scare, hasn't helped matters,” said Saayman.

“Essentially Mohair Pools will buy and pay for the adult mohair from producers and hold it until the price moves above the break-even figure. It could then be sold and any additional profits realized, will be paid to the producers,” explains Saayman.

Meanwhile Fine quality kids sold well today and young goats experienced good demand. The currency continued to strengthen against the dollar from the precious sale and is now 7% stronger than the start of the winter season.

Compared to the previous sale, prices were as follows:
• Young goats (winter) unchanged
• Fine adults down 2%
• Average down 9%
• Exchange rate: R/$ = R6.91 R/Euro = R9.55

The fifth sale of the winter season is scheduled for 26 October 2010.

Mohair South Africa


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search