Mink eases at Finnish sale

SANDY PARKER REPORT, VOL. 32, ISSUE 18, JUNE 16, 2008
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
Mink eases at Finnish sale
PRICES OF MINK AND OTHER FURS APPEAR TO HAVE SETTLED FOR THE SEASON at levels at or close to this year’s peaks, but not indicative of major changes in wholesale garment prices. Last week’s mink and fox auction at Finnish Fur Sales produced prices that were slightly easier than the high levels achieved in March and this week’s big sale at Kopenhagen Fur is expected to follow a similar pattern.
Although mink prices advanced to record highs after Hong Kong manufacturers set their prices, those increases were mostly in males used mainly for hats, trims and other single-skin applications. Females, used primarily in garments, didn’t advance as much and in fact subsequently settled back. Some manufacturers had posted slight increases on new orders placed after the Hong Kong fair, as well as reorders, but it could not be learned if those new rates were actually put into effect or have been rescinded. At this point, the bulk of this year’s world supply of skins has been marketed and what remains is not considered likely to affect the current price structure.
PRICES OF WILD FURS WERE MOSTLY FIRM TO HIGHER than February levels at the Fur Harvesters Auction in North Bay, Ont. The company closed its season with what it termed its most successful May auction in its history. Competition for the year’s final offering of fresh goods was keen and widespread among the more than 100 buyers attending. As a result, beavers realized the highest averages for the year, with China taking a strong position.
Lynx cats and lynx also brought the year’s top prices, reflecting strong buying by Greece and Italy. Martens sold well, although larger, heavier goods softened slightly in line with recent results elsewhere. China and Greece were the main buyers. Strong demand for raccoons resulted in prices advancing about 5% over February levels.
IN THIS ISSUE:
Mink Eases at Finnish Sale
Prices Still Near Record Highs
Bluefox Prices Still Depressed
Wild Furs Up At North Bay
Ed Reich Leaves J. Mendel
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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