Mink prices up in Denmark
SANDY PARKER REPORT, VOL. 32, ISSUE 28, SEPTEMBER 15, 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.
Subscribe now and receive all the latest news, either in print or electronically. Just $150 a year for 48 issues! Sandy Parker Reports, 21219 Lago Circle, Boca Raton, FL 33433; Tel: (561) 477-3764; Fax: (561) 862-7052; SParker@SandyParker.com; www.sandyparker.com
International Fur News
with Sandy Parker
Mink prices up in Denmark
MINK PRICES WERE MOSTLY FIRM TO HIGHER THAN JUNE LEVELS at the season’s finale last week at Kopenhagen Furs, where Chinese buyers again dominated the activity with strong support from Russian interests. This was a typical year-end collection, in which only about a third of the 4.3 million pelts were regular quality, the bulk being breeders and low-grades. In some cases, prices advanced as much as 30% over June and the lesser qualities tended to show relatively greater strength than the regular goods, which was not altogether unexpected.
Last week’s sale attracted a record crowd of over 500 buyers, most of the increase coming from China and indicative of that market’s continuing growth. The company reported some 300 buyers from that country. As to price comparisons with June, officials calculated that black males were up 7% and velvet types (short-napped) up 10%, while the females were up 3% and 11% respectively. Of the other types, whites rose 26% and 19%; pearls up 10% and 9%; sapphire males firm and females up 11%; black cross males firm and females up as much as 30%; brown and glow males up 18% and 19%, the females up 8%, pastel up 22% and 30%.
THE COMING SEASON’S HARVEST OF NORTH AMERICAN WILD FURS is expected to be larger than last year’s for most species. Demand for most types, especially raccoon, beaver and marten, has been good and prices have recovered enough to make the effort worthwhile for trappers – in spite of high gas prices – yet are still within attractive ranges for manufacturers. Continuing high mink prices also help make the wild furs more attractive. China and Russia are expected to continue as the major buyers, with strong support from Italy.
IN THIS ISSUE:
Mink Prices Up in Denmark
Huge Chinese Crowd Dominates
Auction Clearances Running High
N.A. Wild Crop Seen Growing
U.S. Imports Still Dropping
For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.
