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SANDY PARKER REPORT, VOL. 33, ISSUE 27, SEPTEMBER 7, 2009

The following are highlights from the Sandy Parker Reports, Weekly International Fur News, reproduced with permission. Sandy Parker has been covering the fur industry for over 43 years. For the last 33 years he has published a weekly newsletter, detailing the results of all the major international pelt auctions, wholesale price trends, business developments and movements within the trade, as well as economic and political activities that may impact on it.

To receive these reports either in print or electronically, subscribe to 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 seen holding firm at Scandinavia auctions

BUYERS HEADING TO SCANDINAVIA THIS WEEK FOR THE SEASON'S FINAL AUCTION SERIES are expecting no surprises despite the continuing economic problems in the key fur-consuming countries. But unlike the same series last year, which took place just prior to the worldwide financial meltdown and therefore was unaffected by it, buyers' plans are tempered by market conditions, as they have been all season. The mink price structure, which plunged at the season's February sales, has been holding steady at about 25% or 30% below last year's peaks and the final offerings are anticipated to remain mostly at those levels.

All the offerings this year have been completely sold and the clearances have been described by the auction houses as excellent. As previously reported, the Chinese have dominated the sales all year, evidently undismayed by the financial troubles around the world and even some lingering problems at home. And, while some of their export business may have dropped - notably their huge business with Russia - they are said to be counting more on their own domestic market, which has exploded in recent years and is now their biggest consumer by far. They have been stockpiling skins at what they consider to be bargain prices compared to last year.

DEBUT: For the first time in 20 years, a quantity of white Swakara pelts will be made available at Kopenhagen Fur next week. Along with 45,000 black and 6,000 gray, the company will offer 5,000 whites. Produced in limited quantities, they have only been sold privately in recent years. According to AGRA Cooperative, the Namibian producer, very few sheep are suitable for breeding whites and 25% of those lambs turn out black. Total production of whites is only about 9,000 pelts annually.

IN THIS ISSUE:

Mink Prices Seen Holding Firm
Final Offers Seen Selling Out
Russians May Hold Back...
...but Chinese Are Still Active
Wholesale Markets Sluggish

For back issues of Sandy Parker Reports see News Index.

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