Fur garment prices moving higher

SANDY PARKER REPORT, VOL. 34, ISSUE 27, SEPTEMBER 6, 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
Fur garment prices moving higher
HONG KONG/CHINESE MANUFACTURERS HAVE BEEN RAISING PRICES to reflect the advances at the skin level since the beginning of the year.
So far, wholesale levels have edged up another 10% to 20% over the quotations at the Hong Kong Fair in February, where the price lists already were 30% to 40% higher than last year’s comparable products. Now, labor shortages have developed, not only because of the expansion of their domestic market and the proliferation of new retail shops, manufacturers and other operations, but also competition from other industries.
With many of the large fur factories located in Guangdong and other eastern provinces where they compete for labor with technology, automotive and other major industries, they are forced to keep up with rapidly rising wage scales. Further exacerbating the problem is China’s strict one-child-per-family policy and the tendency of young people to shun factory work in favor of the professions.
IN THIS ISSUE
Auctions Seen Ending Strong
Shortages in China Key Factor
‘Loosened’ Yuan Not Responding
Garment Prices Moving Higher
Consumer Confidence Inches 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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