Quick consumption of world mink crop expected

SANDY PARKER REPORT, VOL. 34, ISSUE 22, JULY 12, 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
Quick consumption of world mink crop expected
THE EXPECTATION IS THAT THE SIZE OF THIS YEAR’S WORLD MINK CROP will not be much larger than last year’s – which apparently will be completely consumed. Thanks to China’s enormous appetite and the revival of the Russian and Korean markets following their economic problems, those three markets alone would assure quick disposal of this year’s crop at next year’s auctions and private sales.
If the strong demand from these markets continues – barring another world economic meltdown – the current price structure for mink is viewed as remaining at least firm. But, considering the continuing expansion of the Chinese domestic market and the economic recoveries in Russia and South Korea – even if the U.S. and other traditional markets remain stagnant – market veterans would not rule out further increases in the mink price structure and – as has usually been the case – most other furs as well.
IN THIS ISSUE
N.A. Mink Crop May Rise a Bit
Prices Seen Holding Steady
Majority in U.S. Still Favors Fur
Wholesale Activity Sluggish
Finns Report Sharp Profit Rise
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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