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Swakara auction sold out in Copenhagen

27/03/2018
by Kelvin Chiringa
Business

The Swakara auction which was held on the 18th of March in Copenhagen, Denmark, this year, was successful and saw 100% of the offering being sold out, Namibia Agricultural Union (NAU) has informed.

A total of 41 809 pelts were sent to Copenhagen and the average price was N$476,38 which was a decrease of 4,1% compared to the September 2017 average price.

The highest price of N$1 980 was paid for the black top lot and was bought by Konstantinou Furs in Greece while England bought the most pelts followed by Greece.

Last year’s top lot for black Swakara fetched N$2,647.30 of which LaoPanPicao, a fur retailer from Harbin, China was the buyer.

The top Namibian producer for 2018 was Karasberg Karakoel Stoet who achieved an average price of N$879,78 and the top South African producer was L J Kotze who achieved an average price of N$588,48.

Last year, the top Namibian producer with more than 250 pelts was R H Losper, who achieved on average price of N$802.52 for 279 pelts while the top South African producer was W.A Knoesen who sold 254 pelts at an average of R661.22.

This success comes hot in the heels of last year’s auction which saw an entire consignment of Swakara pelts sent to Kopenhagen Fur also being sold out.

The average price in Danish Krone then was 7.68% lower than that of April of the same year.