Mink prices stronger at Copenhagen opener

SANDY PARKER REPORT, VOL. 30, ISSUE 41, DEC. 18, 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 stronger at Copenhagen opener
MINK PRICES SET NEW RECORDS – in some cases with the aid of a weaker dollar – at the opening sale of the season last week at Kopenhagen Fur. Strong demand and limited supply combined to push the prices of black and mahogany males on the final day of the sale to new highs and bring firm prices for the females. Because of the weaker dollar, brown and wild-type males also brought prices slightly above September’s peaks, but the females failed to keep pace. The event drew a large crowd – about 350 – despite the small size of the offering, only 1.2 million skins, which were virtually all sold. Again, it was dominated by Hong Kong/China, with good support from Greece/Russia. Much of the buying was believed to be for immediate needs, but Hong Kong/China also was understood to be preparing sample lines for next month’s fair in Beijing and the following month in Hong Kong.
ENGLAND, WHERE THE FUR TRADE WAS ALMOST DRIVEN OUT OF BUSINESS 20 YEARS AGO, appears to be enjoying a fur renaissance. A recent flurry of newspaper articles and feature stories point to record numbers of Britons buying real fur and citing such statistics as a 30% increase in retail sales since last year to more than £500 million, which would be about $1 billion at the current rate of exchange – and which would seem to be an overstatement considering the size of that market. That market had undergone years of steady pounding by anti-fur campaigns, often violent and to the point of near-extinction. But, while the manufacturing and retail sectors were drying up, London’s skin merchants and brokers were developing a relationship with a growing fur manufacturing community in Hong Kong, then still under British rule. Those and other foreign relationships have mainly sustained the British trade since then.
IN THIS ISSUE:
Milder Temps Crimp Retail Sales
Russian, Chinese Business Active
Mink Stronger at Kopenhagen Opener
Farmed Sables Peak in Russia
New Intl. Consumer Labels Okayed
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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