Today’s Auction saw our first live streaming of the Auction via our Facebook page. The live streaming was a success and we would like to thank all who commented or viewed our live stream. It is an option that we feel could be used for future Auctions. As most of us would be aware the Covid 19 world pandemic has made trading conditions very difficult. Price trends at today’s AMMO Auction followed a very similar trend and price level to the most recent Cape Sale held on 8th September 2020. A 100% sale clearance was achieved. Thank you for all that participated in this sale for your patience as we transition to the new sale regime. Just a reminder that the closing date for the A2021 Sale will be mid December 2020. Of course sellers are welcome to take advantage of the advance payment of $4.00/kg. Please discuss your needs with me anytime.
I would like to begin this report by commending our producers for the resilience they have shown through such very difficult growing conditions to be able to produce such quality Mohair.
Once again our offering at the June 21st Sale was highly praised by all buyers in attendance, especially in relation to the standard of preparation and the quality of the offering taking into account the extreme seasonal conditions.
Continuing buoyant International demand combined with low international and domestic supply has once again seen significant price gains especially for the fine and medium sectors of the market. The Sale average of $25.40/Kg for the 31,272 kilos offered was a great result.
Kid types were up on average 15.6% with the top price being $45.20/Kg for a line of BSFK testing at 25.4 microns and purchased by Stucken. Young goat types were keenly sought after and were up an average of 12.4% with the equal top price of $36.00/Kg paid for two lots BSFFYG at 28.5 micron and CFFYG at 28.2 micron both purchased by Sudwolle Pty Ltd. Adult types were also up in price by an average of 5.9%. The top price was paid by Stucken for the CFFH lot which tested at 31.6 micron and had one of the best yields of the offering being 81.3%. This line sold for $28.50/Kg. The better STNS and SCOTS were also keenly sought after with fineness again being the major contributing factor to the high prices. FCOT made $34.60/Kg and the FSTN made $30.00/Kg.
After the Auction and post Auction negotiations have been finalised and a 100% clearance was achieved. The A2019 auction produced a very successful outcome for all producers involved.
82020 saw a somewhat unique Auction sale, with Australasian Mohair Traders not having a representative bidding in person due to Covid_19 border restrictions. The principal of AMT David Williams, from Victoria, instead bidding via telephone. This meant that were still three participating buyers.
Also, another first for AMMO was the live streaming of the AMMO Auction via our Facebook page. As the live stream appeared to be well received, this may become a regular feature going forward. The testing of live streaming saw a few suggestions for improve to our broadcast in the future.The International demand and overseas price trends were reflected at our Auction. Price levels for kid types were firm to slightly down on the Cape prices. However, on average AMMO’s young goat and fine adult types were firm to marginally better than Cape prices.The 100% clearance level was rewarding especially as it reflects strong demand.
View reports and prices from previous sales.
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