Mink prices strong at Legend windup

SANDY PARKER REPORT, VOL. 32, ISSUE 14, MAY 19, 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 prices strong at Legend windup
MINK PRICES AT AMERICAN LEGEND LAST WEEK held mostly firm to the record levels reached at its February sale under aggressive buying by Greece/Russia and Hong Kong/China. This was Legend’s final offering of the year and it was completely sold, thereby setting the stage for a similar performance at this week’s season-ender at North American Fur Auctions in Toronto where a heavy attendance was already on hand inspecting the goods. The Legend sale attracted over 220 buyers and the competition was keen throughout the three-day session, with Koreans joining the action, particularly on the better females in most of the categories.
According to the official report, the 179,000 Blackglama males averaged $91.54 and brought a top of $740. The 236,000 Blackglama females brought $51.62/$820.
IN SPITE OF THE STRONGER CANADIAN DOLLAR, more than half of the exhibitors at the recent Montreal fair reported business was at least as good as last year. A final tally by officials found that 56% of the vendors at the North American Fur & Fashion Exposition said orders were similar to or somewhat better than last year, while 44% said business was down. In other findings of the survey, 74% reported having opened new accounts. Of these, 59% said these were U.S. accounts and 26% said they were Canadian. This was a slightly smaller show than last year’s – 115 manufacturers and other suppliers, versus 138 last year.
Similarly, there was a significant decline in buyer attendance. Some of the smaller stores were said not to have attended because of concerns about the U.S. economy, poor sell-through in some regions and the high Canadian dollar. In addition, a snowless winter in some of the key markets (New York, New Jersey and Pennsylvania) along with rising gas prices and increasing concerns about a U.S. recession left many retailers with high inventories and a reduced open-to-buy.
IN THIS ISSUE:
Prices Strong at Legend Windup
Trend Seen Continuing at NAFA
Most Did Well at Montreal Fair
Greek Event Called Successful
U.S. Imports Plunge in March
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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