Pelts bring firm to higher prices in Copenhagen

SANDY PARKER REPORT, VOL. 34, ISSUE 20, JUNE 28, 2010
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.
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International Fur News
with Sandy Parker
Pelts bring firm to higher prices in Copenhagen
THE BIG MINK SALE THAT ENDED AT KOPENHAGEN FUR LAST WEEK demonstrated that the world market – not just China – is bullish on the fur business for the coming season. Not only was the offering completely sold, but at prices firm to stronger than at its April sale. And, while Hong Kong/China was again the dominant buyer, there was good support from Greece/Russia, Korea and others.
The company quoted mostly double-digit price increases as high as 17% in Danish kroner. Because the kroner had weakened about 10% since April, this translated into dollar prices that were merely firm to about 7% higher. Of the more than 5 million mink offered, over 4.8 million were regular quality. Of those, the 2.3 million males had an overall average of $69.70, compared with $66.40 in April, while the 2.4 million females averaged $52.50, compared with $48.40 in April.
IN THIS ISSUE
China Currency Hike Fizzling?
Opens Door to Trade Sanctions
Big Danish Mink Offer a Sellout
Pelts Bring Firm to Higher Prices
Service Business in Slow Start
For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.
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