Sandy Parker Reports: Strong Demand for Mink at Season’s 1st Sale

SANDY PARKER REPORT, VOL. 35, ISSUE 40, DECEMBER 19, 2011

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

Strong Demand for Mink at Season’s 1st Sale

Strong demand for mink and other furs greeted the opening Auction of the new season at Kopenhagen Fur last week, with Hong Kong/China again spearheading the activity. The possibility thatEurope’s debt crisis might lead to another global problem with an impact on fur prices had caused some apprehension. But those concerns proved unfounded as the offering was all sold at prices largely firm to levels at the close of the last season in September. Although the Danish Kroner prices that were paid were actually somewhat higher than September, the recent weakening of that currency resulted in unchanged levels in terms of U.S. dollars.

This was a typical December offering, far smaller than the main events in February and beyond, calculated to satisfy current season needs as well as production of samples for the early fairs. The sale also attracted about 20% more Chinese buyers than at last year’s event. The complete sellout at firm prices was expected to lend stability to the market until February, when the main series of auctions will reflect the results of the current retail season as well as other factors.

IN THIS ISSUE:

*Mink Firm at Kopenhagen Sale

*Strong Demand at Season Opener

*Farmed Sable Firm at Russian Sale

*U.S. Imports Rise, but Not Mink

*Holiday Sales Outlook Brighter

For extracts from back issues of Sandy Parker Reports see News Index. Subscribers can access an archive of complete issues at www.sandyparker.com.

For further information contact Fur Commission USA.

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