North American mink still commanding premium

SANDY PARKER REPORT, VOL. 35, ISSUE 2, FEBRUARY 28, 2011
The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for more than four decades. For most of that time he has published a weekly newsletter, detailing results of international pelt auctions, wholesale price trends, business developments and movements in the trade, as well as economic and political activities that may impact on it.
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International Fur News
with Sandy Parker
North American mink still commanding premium
THE OPENING SALE OF THE SEASON LAST WEEK AT NORTH AMERICAN FUR AUCTIONS demonstrated that buyers are still willing to pay premiums for North American mink over all others.
While other producers, particularly Danish farmers, have been narrowing the gap by developing shorter-napped pelts – with the continuing help of new North American breeding stock – a comparison between NAFA’s labeled black males and Danish black velvet types shows that last year’s 9% gap has now been narrowed to about 6%. On the other hand, the divide between the comparable black females, which was about 2% last year, is now closer to 8%. But the Danes are still increasing their production of velvets, now close to 70% of their 14 million annual mink crop, as are other countries.
This sale also marked NAFA’s launch of a new label system, which adds the name of its top ranchers to the logo labels manufacturers apply to garments.
IN THIS ISSUE
Mink Prices Reach New Peaks
Offering at NAFA Sold Out
China, Russia Biggest Buyers
Wild Furs also Set Records
U.S. Consumer Confidence Up
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.
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