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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 China Retail Sales Streak Ahead |
with Sandy Parker
Mink prices are seen climbing
AT THE KOPENHAGEN FUR AUCTION, which got under way just after we went to press, mink prices were expected to be even stronger than they were in December, when they advanced an average of 36% over last September. In anticipation of a record number of Chinese buyers, the company increased its mink offering to 4 million from the 3.5 million it originally planned. But unlike previous years when much of the purchases were for China's huge export business, its domestic market has grown so fast that the manufacturers have redirected their sights inward.
This could have significant implications for retailers and wholesalers in North America and Europe who have come to depend heavily on Chinese manufacturing. For one thing, the needs of the Western markets will have even less bearing on skin prices than they've had in recent years as the Chinese trade concentrates on satisfying its 1.3 billion potential customers at home.
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.