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The following extract is reproduced with permission from Sandy Parker Reports, Weekly International Fur News. Sandy Parker has been covering the fur industry for over 43 years. For the last 33 years he has published a weekly newsletter, detailing 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
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IN THIS ISSUE Mink Firm to Higher at Kopenhagen |
with Sandy Parker
U.S. fur imports plunge in July
FUR APPAREL IMPORTS INTO THE U.S. PLUNGED IN JULY, continuing the long downtrend and reflecting lower prices as well as retailers' conservative approach to the season ahead. Imports from all sources dropped 46% to $9.9 million, the biggest decline being in the mink sector which fell 47% to $4.3 million, while other furs dropped 45% to $5.7 million. This brought the seven-month total to $36 million, a decline of 31% from the same period last year. This consisted of $18.2 million in mink, down 30%, and $17.8 million in other furs, off 33%. Unit figures are not available, but since average prices are down only about 20% to 25%, it is apparent that the units also are off.
The biggest drop was in shipments from Hong Kong/China, the main supplier. Imports from that source in the latest month amounted to $4.5 million, down 45%.
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.