Archive for "Key Reports"

New Research Reveals the Global Fur Trade is Worth as Much as Wi-Fi

May 22, 2014 No Comments
The research is the first to analyze the highly fragmented fur sector, looking beyond retail sales at the immense worldwide economic value of fur farming and production – which have historically been very difficult to measure.... Read more

The research is the first to analyze the highly fragmented fur sector, looking beyond retail sales at the immense worldwide economic value of fur farming and production – which have historically been very difficult to measure…. Read more

According to a new study, the global fur trade has now been valued at more than $40 Billion worldwide – roughly the same as the global Wi-Fi industry.

The research is the first to analyze the highly fragmented fur sector, looking beyond retail sales at the immense worldwide economic value of fur farming and production – which have historically been very difficult to measure. The study revealed that global fur retail sales are estimated at $35.8 Billion, farming is valued at $7.8 Billion and total employment in the sector at over 1 million.

The data comes from an independent study into the value of the fur industry, commissioned by the trade association International Fur Federation (IFF), and carried out in 2012-13 by Price-Waterhouse Cooper Italy. In countries such as Greece, Russia, China and Denmark, fur is a leading contributor to the national economy and employs tens of thousands of people.

Mark Oaten, CEO of IFF, comments: “These figures, unveiled for the first time, show that it’s been a great couple of years for the industry. While of course there have been challenges, such as the recent economic slowdown in China and the fluctuating price of fur at auction, the recent cold weather in America and its increasing popularity on catwalks globally has once again thrown our sector into the spotlight.

“This study demonstrates the unquestionable value the fur trade brings to the global economy. It’s easy to get caught up in the emotions the business can generate, but the truth is that the fur trade is an economic cornerstone in Europe and beyond. Much of the fashion and increasingly the soft furnishings world relies on fur – and will continue to do so for the foreseeable future.”

 

About the IFF

The International Fur Federation was founded over 60 years ago and represents 42 national fur trade associations and 35 organizations. Members are drawn from the entire supply chain: from farmers and trappers, to designers and sales and marketing organizations. The IFF protects the interests of the fur sector, upholding the regulation on the welfare of all animal species, farmed or not, through accurate scientific research. It furthermore guarantees that it does not trade in endangered species.

www.wearefur.com

Netherlands Court Overturns Ban on Mink Farming

May 22, 2014 No Comments

BlackMinkDutch News: Fur farmers celebrate as court throws out ban on mink farming
Wednesday 21 May 2014

 

A court in The Hague on Wednesday overturned a new law to ban breeding animals for fur from 2024.

The law will have a ‘serious financial impact’ on breeders and it is totally unclear if they will be given proper compensation, the judges said in their verdict.

The legislation to phase out fur farming was passed by the senate at the end of 2012, three years after it was agreed by the lower house.

Five million pelts

Fur farmers described the decision as ‘historic’, saying the ban would have meant the end of an economically successful sector, news agency ANP reports.

The Netherlands has some 160 fur farms producing five million pelts a year. The sector employs some 1,400 people.

The Netherlands is the third biggest fur farming nation in the world behind Denmark and China.

Appeal

Junior economic affairs minister Sharon Dijksma said she will appeal against the court decision.

However, D66 parliamentarian Gerard Schouw called on Dijksma to revise the decision and take the courts comments on compensation for farmers into account.

Earlier, researchers at Wageningen University said the the cost of the ban would be €651m.

Animal rights groups said they were very disappointed at the court ruling.

‘It has been clear to breeders for years that a ban was in the offing,’ said a spokesman for animal protection group Dierenbescherming. ‘It would be awful for animals if the ban now takes even longer.’

- See more at: http://www.dutchnews.nl/news/archives/2014/05/fur_farmers_celebrate_as_court.php#sthash.ZYJ57vHQ.dpuf

Food Companies Unhappy with FDA Feed Proposal

Apr 16, 2014 No Comments

By HELENA BOTTEMILLER EVICH | Politico

4/16/14 12:05 AM EDT

http://www.politico.com/story/2014/04/fda-trash-food-recycling-105726.html#ixzz2zUQxHNLu

Expired marshmallows, broken crackers, stale donuts, even orange peels are among the billions of pounds of would-be waste that help feed livestock every year.

By regularly diverting its waste in this way, the food industry prevents millions of tons of greenhouse gases from being released into the atmosphere, but an obscure proposal under a 2011 food safety overhaul could inadvertently send much of the reusable food back to landfills.

Food manufacturers send the vast majority of their waste to be turned into animal feed, which many view as a significant achievement considering that more than 30 percent of all food in the United States is thrown away. But the Food and Drug Administration has proposed placing new sanitation and record-keeping requirements on feed production that could increase compliance costs and paperwork — mandates that many in the industry and on Capitol Hill warn could make it too expensive for businesses to continue recycling.

“World food needs are going to increase dramatically,” Sen. Roy Blunt (R-Mo.), ranking member of the Agriculture Appropriations Subcommittee, said at a recent hearing on the FDA’s budget.

Blunt urged FDA Commissioner Margaret Hamburg to revise the proposed animal feed rule, which was required under the Food Safety Modernization Act, to give more consideration to food byproducts used in feed.

“Normally, we’d think about how we need to produce more food, but [we also need to] more effectively use the food and food products we have,” Blunt said, adding, “I think this is a big issue.”

The Grocery Manufacturers Association, which represents more than 300 top food companies and supports the food safety overhaul broadly, is raising alarm about the feed proposal. The group has said the FDA’s approach would be costly, bad for the environment and provide little or no food safety benefit.

“Of course, our members do not want to use landfills except as a last resort, but they may have no other option if compliance costs are too high,” the group said in 88-pages of comments on the proposed regulation. Tonnage sent to landfills “could drastically increase,” the group warned.

Food manufacturers kept about 44 billion pounds of food waste out of landfills in 2011, including such discards as French fry potato peels and granola bar trimmings, according to data compiled by the Food Waste Reduction Alliance, a collaboration between GMA, the Food Marketing Institute and the National Restaurant Association.

In its own economic analysis, GMA has estimated that nearly 70 percent of the waste stream from food manufacturers goes into animal feed and only 5 percent is dumped in landfills. The bulk of the remaining waste is composted or applied to land.

Those numbers would change dramatically if the FDA proposal becomes law, the group said. The proposed regulation would require manufacturers to create food safety plans for all of the byproducts going into feed, a potentially costly mandate that would likely prompt companies to divert as little as 22 percent of their food waste to feed and almost 28 percent to landfills in order to save money and avoid the hassle, GMA estimated.

Overall, the rule would cost food manufacturers about $444 million a year, GMA said, which is more than three times what the FDA estimated for the human, livestock and pet food industries combined. That includes $100 million in lost revenue from animal feed buyers and $344 million in increased landfill and compost fees.

In environmental terms, carbon dioxide emissions would increase by 4.7 million metric tons annually — the equivalent of adding about a million passenger cars to the roads, the group said.

“It is bad public policy for FDA to put companies in the situation of having to decide whether to incur significant expenditures for compliance, with minimal, if any, augmentation to the health of humans or animals, or to engage in a practice that it known to be environmentally unsustainable,” GMA said in its comments on the rule.

The industry group has asked the FDA to overhaul its proposal and cost-benefit analysis and conduct an environmental impact assessment, which the agency has argued isn’t necessary. The FDA’s analysis found that the proposal would provide “potential improvements” to public health by reducing contamination in animal feed and the animal products that people consume, but the agency did not provide figures and said it is “unable to quantify the benefits of the proposed rule.”

David Plunkett, a senior attorney at the Center for Science in the Public Interest, said he believes it’s unlikely companies will divert their food to landfills and that such concerns are overblown.

“Trade associations have the job of constructing the ‘worst case scenario’ to minimize the impact of regulations, but the reality is often very different,” Plunkett said. “Companies are accustomed to [hazard control] plans for food safety, and it is unlikely that pet food and animal feed are going to disappear into landfills simply because of this rule’s minimal requirement to practice safety and keep good records.”

Responding to pushback on several of its food safety proposals, the FDA announced in March that it plans to issue “revised language” for the feed rule, and top officials have said that they’re committed to finding a practical solution to food waste concerns.

At the recent Senate appropriations hearing, Commissioner Hamburg told Sen. Blunt that she has brought the waste issue to the attention of her team.

“We want to support sustainable agriculture practices,” Hamburg said. “It makes enormous sense. We do believe this can be addressed in a practical, sensible way.”

Meanwhile, the EPA has developed a “food recovery hierarchy” to guide food waste policy. Its top priority, aside from reducing waste, is to feed hungry people and, after that, to feed animals.

ConAgra Foods, which owns such popular brands as Chef Boyardee and Reddi-wip, used the EPA recommendations to develop its waste-reduction strategy, Gail Tavill, the company’s vice president for sustainable development.

“Our strategy was really to move up that value hierarchy,” Tavill said. “Feeding animals, for us, is a huge part of our strategy.”

Tavill pointed to shelf-stable pudding as a key example. Typically, the company will produce some initial batches of pudding cups to ensure the process is sterile before making cups to ship to consumers.

“For many years, those finished cups were going into the landfill,” Tavill said. But then ConAgra Foods started working with another company that could separate the pudding from the cups to use in poultry feed and recover energy from the plastic. Cost was not a significant factor in pursuing this relationship, she said. While it did deliver a small savings, the real driver was working toward keeping valuable materials out of landfills. Today, ConAgra Foods diverts about 87 percent of its total food waste stream to animal feed, she said.

Tavill expressed concern that FDA’s proposal will prompt companies to discontinue their recycling efforts. Compliance will be especially difficult for manufacturers who handle multiple products or those with a lot of ingredients, such as soup and pot pies, she said.

“[The regulations] are pretty prescriptive,” Tavill said. “What is the problem that the rule is trying to solve? Where’s the risk that they’re trying to solve? … Is the effort to comply with the requirements equal to the risk?”

Dozens of other companies also are expected to weigh in on the proposed feed rule. Food giant Cargill told POLITICO that it supports the food safety law, but “believes that the regulation should have some flexibility due to the broad nature of the animal food, feed and ingredient space.”

Despite the problem that food waste presents, recycling hasn’t attracted as much high-profile attention in the United States as it has in other countries. In the United Kingdom, for example, celebrities advocate feeding discarded food to pigs under a campaign dubbed “The Pig Idea.”

Taking a cue from across the pond, the Agriculture Department and EPA launched the less-cleverly titled U.S. Food Waste Challenge this past summer to raise awareness of the need for more recycling.

“The food industry in general is starting to pay more attention to the waste stream and find ways to capture value from what they previously threw away,” said Jonathan Bloom, author of the food-waste treatise “American Wasteland.” “As the cost savings become clear, more and more companies are looking at it,” he said.

Consumer awareness of the issue is also growing, he said.

“People are becoming increasingly interested in where their food comes from, and a natural offshoot of that is to ask, ‘Where does it go when we’re done with it or when we don’t use it?’”

Short URL:

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Season’s First North American Sale Brings More Record Prices.

Mar 05, 2013 No Comments

Mink prices soared to historic heights at the season’s first North American sale in Toronto, in what was described as the biggest mink offering in North American history. Chinese and Russian buyers spearheaded the demand, in order to satisfy the still-growing appetites of people back home.  The February sale at North American Fur Auctions attracted over 700 buyers, its biggest attendance ever, and at times it was standing room only.

The bidding was spirited, sending prices to historic highs for North American mink, fully 20% over the same sale last year, according to the company. Buyers agreed, calling prices firm to the record levels achieved elsewhere for comparable goods. Hong Kong/China, as expected, was the dominant buyer throughout, with strong support from Greece, Russia and Korea. Chinese buyers, whose ranks have been growing at each successive auction on both sides of the Atlantic for several years – in line with the expansion of their domestic market at the manufacturing and retail levels – quickly dominated the action.

This also was the biggest-ever offering of mink at a North American sale, some 3.9 million pelts, including international goods.  The entire collection was snapped up at strong prices, attesting to the demand at the retail level, particularly in China. 

Sandy Parker Report: Chinese Buyers Dominate at Year’s First Auction

Feb 08, 2013 No Comments

Sandy Parker Reports

Volume 36, Issue 46

February 11, 2013

As expected, mink prices resumed their upward movement as the new auction season got into full swing at Kopenhagen Fur last week amid signs the trend is likely to continue at the sales elsewhere in the weeks ahead. Hong Kong/China, to no one’s surprise and with even greater representation than before, took the lead from the outset and set the pace virtually throughout the auction. Although this actually was Kopenhagen’s second sale of the season – the small December event intended mainly to meet the trade’s immediate needs – the buying now reflects planning for the year ahead.

The Chinese fur trade, aided by one of the coldest winters in that country’s history, has been enjoying a banner season and has been steadily expanding at all levels. There are no official figures but, according to sources close to that market, the past year has witnessed sizable increases in the ranks of manufacturers not only in the established production centers, but elsewhere in the country as well. Similarly, new retail operations have been blossoming out around the country to cater to the increased demand from a newly-monied population that now can afford what previous generations could not.  And, while the bulk of China’s domestic fur business is still in hats, trimmings and inexpensive garments, there also is growing demand for jackets and coats of mink and other fine furs. That mink prices are still rising despite the recent increase in world production – and the emergence of China as the largest producer – can be attributed to its huge increase in consumption.

The steady expansion of its industry has been accompanied by an increased Chinese presence at the major auctions. Not only do they now occupy most of the seats in the salesroom, but there are said to be an increasing number of manufacturers and retailers doing their own bidding, rather than through dealers or brokers as they formerly did. Kopenhagen’s training programs apparently are bringing results.

As to how big China’s fur industry has already grown, there are no official government figures. According to data gathered by the China Leather Association, fur sales rose 22.4% from the previous year and are expected to reach 16.42 billion yuan ($2.64 billion U.S. at the current rate of exchange) in the next two years.

This week’s sale attracted almost 800 buyers, Kopenhagen reported, with Hong Kong/China accounting for about 500 and dominating throughout. The 5.7 million mink were all sold at prices as much as 14% over December levels in Danish kroner.

Once taboo, fur sales hit new highs on Chinese demand

Nov 20, 2012 No Comments

“The growth in inland China is really what’s driving growth at the moment and we think for the next 10 years or so that will continue to rise,” IFTF Chief Executive Mark Oaten said. “There are 90 cities in China that buy as much fur as New York.”  Sales in North America were $1.3 billion last year, a third more than when anti-fur protest movements were at their height in the 1990s, according to IFTF figures.

Countering Eco-Terrorism in the United States: The Case of ‘Operation Backfire’

Oct 03, 2012 No Comments

American counterterrorism officials consider those who commit violent acts in the name of the environment and animal rights a serious threat to homeland security. Senator James Inhofe noted that radical actors affiliated with the Earth Liberation Front and Animal Liberation Front had caused more than $110 million in damage between approximately 1995 and 2005. 

USDA: Mink Production up 9%, Prices up 25% in 2011

Jul 12, 2012 No Comments

Mink pelt production in the United States in 2011 totaled 3.09 million pelts, up 9 percent from 2010. Wisconsin, the largest mink producing State, produced 1,050,580 pelts. Utah, the second largest producing State, produced 698,960 pelts.

Value of pelts produced during the 2011 crop year was $292 million, up 25 percent from $233 million a year ago. The average price per pelt for the 2011 crop year was $94.30, up $12.40 from $81.90 in 2010.

Read More Here….

Mink Strong at NAFA Finale

Jun 05, 2012 No Comments

SANDY PARKER REPORT, VOL. 36, ISSUE 15, JUNE 4, 2012

International Fur News
with Sandy Parker

Mink Strong at NAFA Finale

Mink prices continued to show great strength last week as North American Fur Auctions opened its final sale of the season, virtually guaranteeing that this year’s averages will again reach new peaks. Now that the bulk of this year’s mink supply has passed under the auctions’ hammers and the balance consisting in good part of breeders and lowgrades, regular-quality pelts apparently have reached their final level for the year. The huge markets of China and Russia will have to settle on the lesser qualities to fill their remaining needs and – as was the case last year – paying disproportionately more for those goods. 

The market’s current strength was clearly demonstrated by the reception accorded the first day’s offering which consisted of over a million section III(lowgrade) dark males. More than 500 buyers were on hand and snapped them up at prices that averaged over $100, including all sizes and qualities. Auction officials characterized the prices for lowgrades as at “historic levels.” As has been the pattern in recent years, China dominated that catalog with strong support from Greece, presumably for the Russian market. Hong Kong/China and Greece/Russia also competed strongly for the breeders the second day – also at advanced prices – as well as for the regular goods that followed, where they were joined by Koreans who concentrated mostly on the better females – mainly darks. 

The pattern of the sale was virtually identical to that of last year’s comparable auction, where the lowgrades and breeders sold first and set the pace for the regular goods. The only difference: More buyers and higher prices at this year’s event. And, as was the case last year, it provided an indication as to what is likely to happen at SAGA OYJ later this week and at Kopenhagen Fur the following week. What is not yet known is whether wholesale garment prices, which have advanced since the lines were shown earlier this year, will rise still further. There has been no word from Hong Kong, presumably because the manufacturers were waiting for the results of these sales. 

Moving into the regular qualities at NAFA, the mutations were described as very strong. The high shades are popular for use in both garments and trimmings, but their limited quantities have been bringing higher averages than for the more plentiful blacks and the brown types. And, as trimmings, their single-skin use makes the product less price-sensitive than, for example, a 40-skin garment. Blue iris prices advanced, the company reported, but there was some resistance to “the extremely high levels achieved in April for white and silverblue males.” Hong Kong/China was the largest buyer of the mutations with some support from Greece, Russia and Korea. 

The sale also took on a last-chance atmosphere, as it was the final opportunity to buy certain North American mink this year. This is important to those who feature certain brand names or who have promotional arrangements with the various organizations. There still are about 13 million European mink to be offered in June and September, including a greater proportion of velvet types, the shorter-napped mink Europeans have been cultivating and narrowing the price gap with North American types. 

NAFA President Michael Mengar pointed out that this year’s total offerings included 1.3 million more mink than last year. That, he pointed out, was a bigger increase – about 25% – than shown by any other auction house and was the result of larger production and greater market share. It included about 900,000 more mink from Europe and 400,000 from North America.

_________________________________________________________________________________________

The preceding 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.

Subscribe now and receive all the latest news, either in print or electronically. Just $150 a year for 48 issues! Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.comwww.sandyparker.com 

IN THIS ISSUE:

*Mink Strong at NAFA Finale

*Prices Seen Reaching New Peaks

*China, Russia Main Takers

*Greeks Still Showing Power

*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.

 


For further information contact Fur Commission USA.

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© 1998-2011 Fur Commission USA

American Legend Sale Closes on Firm Note

May 28, 2012 No Comments

SANDY PARKER REPORT, VOL. 36, ISSUE 14, MAY 28, 2012

International Fur News
with Sandy Parker

Legend Closes on Firm Note

The long, steady climb in mink prices appeared to level off last week at around the heights they had reached in March, but still enjoying strong demand. The season’s final sale at American Legend again attracted about 350 buyers in Seattle despite the relatively small size of the offering, although it was the last chance this year for buyers to acquire the Blackglama and other labeled skins their clients tend to feature. As had been expected, the collection was completely sold and the main buyers were Hong Kong/China, Korea and Greece/Russia. 

Again, darks comprised the major share of the collection, accounting for more than three-quarters of the regular quality goods. Greece/Russia dominated the male section with good support from China, while Korea took command of the females, followed by Greece and Hong Kong. Male prices, the company reported, were firm to slightly stronger compared to March, while females advanced as much as 5%. In the brown types, the mahogany and ranch wild males were described as firm to slightly easier, but the mahogany females very firm to advancing. Except for the 33,000 blue iris, there were only very small quantities of mutations. 

_________________________________________________________________________________________

The preceding 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.

Subscribe now and receive all the latest news, either in print or electronically. Just $150 a year for 48 issues! Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.comwww.sandyparker.com 

IN THIS ISSUE:

*Mink Price Climb Levels Off

*Legend Closes on Firm Note

*Wild Furs Also Plateau

*NAFA’s Final Seen Strong

*Smaller Greek Mfrs. Squeezed

For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.


For further information contact Fur Commission USA.

Home

© 1998-2011 Fur Commission USA