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

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search