Mink prices ease in Helsinki

SANDY PARKER REPORT, VOL. 30, ISSUE 19, JUNE 26, 2006
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 prices ease in Helsinki
MINK PRICES CONTINUED TO EASE LAST WEEK from the peaks reached earlier this year and appear to be settling at levels that can work for the trade and still be profitable for ranchers. Prices at the just-concluded sale in Finland took a path similar to that at the April sale in Copenhagen, where reduced participation by Russian buyers caused prices to back away from the record levels set the previous month. This also was the case at the recent auctions in North America and many buyers are referring to the development as a correction that probably was to have been expected following the steep ascent that mink prices have registered over the past two years.
The expectation among buyers attending this week’s huge auction in Copenhagen is that prices are likely to follow the same pattern as in Helsinki and North America. This is the final major offering of first-quality mink for this season and is well attended – not only by the Chinese, Russians and Koreans who have been setting the pace, but also by others who have been sidelined by the high prices and who now hope to get in on the action. The question many are asking is how willing are the Danes to sell at prices the market is looking to pay? More specifically, will they be as liberal as the Finns whose turnover of more than 2.1 million mink was just under 100%, or will they hold back more in hopes of better prices at their concluding sale in September?
KOPENHAGEN FUR IS OFFERING A TOTAL OF 4 MILLION MINK, including regular quality as well as a large quantity of lowgrades and breeders. This is roughly the same number of pelts it offered at last year’s June sale, which set a record for the amount of mink sold in a five-day period.
IN THIS ISSUE:
Mink Prices Ease in Helsinki
See Similar Trend in Copenhagen
Slight Rollback Due in Hong Kong?
Retailer Traffic in N.Y. Called Light
Polo Drops Fur, Rattling Market
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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