Russian, Korean buyers return “in numbers” at Copenhagen auction

SANDY PARKER REPORT, VOL. 34, ISSUE 21, JULY 5, 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
Russian, Korean buyers return “in numbers” at Copenhagen auction
ACCORDING TO KOPENHAGEN FUR’S FINAL REPORT OF ITS JUNE SALE, although Hong Kong/China again dominated, both Russia and South Korea returned “in numbers not seen in a couple of years.” Korea, which for many years set the market for short-napped black females, has broadened its tastes to include other types. “They still prefer females, but they do not necessarily have to be short-haired and the color no longer needs to be black.” The common denominator, said the company, is high quality. Meanwhile, Korea’s absence in recent years because of economic problems left the stage to the Chinese, whose interests were spread equally between American and Danish short-napped goods.
That Russia is recuperating from its financial crisis and again taking an important role at the auctions was also noted. “We got the first sign that the Russian bear was coming out of his hibernation earlier this year, when Greek customers who have been relying on the Russian market started trading again.”
IN THIS ISSUE
Service Business Termed O.K.
Harsh Winter Sparks Cleanings
Spring Sales Called Spotty
Trade Scores Label Law Victory
Consumer Confidence Declines
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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