SANDY PARKER REPORT, VOL. 34, ISSUE 4, MARCH 8, 2010
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 seen higher at NAFA sale
INTERNATIONAL DEALERS AND BROKERS HEADING TO TORONTO THIS WEEK for the season opener at North American Fur Auctions were anticipating firm to even stronger mink prices than they paid last month in Seattle. While buyers at the recent American Legend sale were willing to pay record prices in hopes that retailers would accept stiff increases in the wholesale rates, that uncertainty was all but eliminated at last week’s Hong Kong Fair where sales soared in the face of those increases, indicating that retailers felt comfortable with them.
The basic fact is that, while prices of ready-to-wear and other consumer products have risen with inflation, skin prices have fluctuated with demand, but have remained at relatively low levels in comparison to other commodities. Although the skins now may be at record levels, the garments have yet to climb as high in relation to other apparel or consumer products.
IN THIS ISSUE
Sales Soar at Hong Kong Fair
Russia Returns as Biggest Buyer
Garment Prices Advance 30% to 40%
Mink Seen Higher at NAFA Sale
Opening Is Upbeat at Mifur