China dominates NAFA sale. Short-napped mink strongly preferred
SANDY PARKER REPORT, VOL. 34, ISSUE 16, MAY 31, 2010
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
China dominates NAFA sale. Short-napped mink strongly preferred
THE NORTH AMERICAN FUR AUCTIONS SALE last week attracted over 350 buyers, with Hong Kong/China fielding the biggest contingent, followed by Korea and Greece. The buying pattern closely followed that of the previous sales, with China dominating overall. Greece was mainly active in the large males, while Korea concentrated on the better females.
The international market’s strong preference for short-napped mink – known as American types – over conventional European pelts was clearly demonstrated in NAFA’s European collection, which consisted of both. In every color category, the velvet types averaged substantially higher than the classic goods, especially in the females. The premiums ranged from as little as 5% in the case of demi/wild males to as much as 35% for pastel females, with most of the premiums in double digits. Europe has been stepping up its production of velvet types and, in Denmark, they now account for nearly half the crop.
IN THIS ISSUE
Mink Mostly Firm at NAFA Windup
Strong Demand Clears Offering
China Again Dominates Sale
Russian Market Making Comeback?
U.S. Consumer Confidence Up in May
For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.
