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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 Prices Soar at Opening Auctions |
with Sandy Parker
Prices soar at opening auctions
AT FINNISH FUR SALES LAST WEEK, mink prices rose an average of 30% over September levels, the company reported. The auction drew a record crowd of over 400 and the mink were almost 100% sold under strong competition. The main buying was by Hong Kong/China, with the balance well spread among Italy, Greece and Russia. The foxes were all sold, the blues up 20%, blue shadow up 30%, blue frost up 25% and silver up 15%. Here, too, Hong Kong/China dominated with support from Turkey, Italy and Russia.
Mink prices advanced as much as 46% over September at the Kopenhagen Fur opener - and averaged 36% higher - much stronger than usual for a December sale. The collection amounted to only 1.4 million pelts, far smaller than the other sales in the coming season, but normal for a December sale. They were all sold under strong competition and dominated by Hong Kong/China.
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.