NAFA cancels wild fur sale citing limited quantities

SANDY PARKER REPORT, VOL. 33, ISSUE 42, DECEMBER 21, 2009
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

NAFA cancels wild fur sale citing limited quantities

NORTH AMERICAN FUR AUCTIONS HAS CANCELED THE WILD FUR SALE that was scheduled for Jan. 11. The company attributed the action to the limited quantities that would be available at that time.

That there might be a shortage of wild furs was reported several months ago (SPR, Sept. 14), when it was indicated that this season’s harvest would be smaller than last year’s for most species.

The weakening of the price structure in tandem with falling mink prices this year has dimmed trappers’ profit prospects, especially in view of higher gas prices. For many trappers who are basically in the lumber or other outdoor businesses, particularly in the northern U.S. and southern Canada, trapping and hunting for pelts is being regarded more as an expensive hobby than as a second income – at least this year. An upturn in prices, however, which would depend on demand, could reverse that attitude next year.

IN THIS ISSUE
Retail Better than Expected…
…but Fewer Surprise Gifts Sold
Imports Continue to Decline

For extracts from back issues of Sandy Parker Reports see News Archive. Subscribers can access an archive of complete issues at www.sandyparker.com.