Skin Prices Climb Further in Toronto

SANDY PARKER REPORT, VOL. 30, ISSUE 1, FEB. 20, 2006
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
Skin Prices Climb Further in Toronto
SKIN PRICES CONTINUED THEIR UPWARD MOVEMENT LAST WEEK, as international buyers crossed the Atlantic to Toronto in their quest for mink and wild furs, again sending prices to new highs. The records established by mink averages the previous week in Copenhagen were exceeded at North American Fur Auctions, which drew its largest crowd ever. The huge attendance from Hong Kong and mainland China was clear evidence of how rapidly that market is developing not only as a manufacturing center for the world, but even more significantly for its own domestic consumption.
It was Hong Kong/China that set the pace at the NAFA sale, as it has at most of the recent auctions. Most of the support came from Greece/Russia, Turkey and Europe on the males and Russia and Korea on the better females. The mink catalog led off with the mutations, which the company described as bringing exceptional prices. It offered no direct comparisons, but a check of last February’s results shows that males advanced from 22% to 31%, while females were up from 30% to 42%. That strength gathered momentum in the main categories, despite the much larger quantities. The black and mahogany males averaged 40% higher than a year ago, the demis up 29%.
IMPORTS OF FUR APPAREL INTO THE U.S. declined in value last year, despite substantial price increases over the previous year, which would indicate the number of units imported was down even more. According to Commerce Dept. data released last week for calendar 2005, imports from all sources dipped 8% following five years of increases. The downturn reflects the conservative buying policy adopted by the American trade last year as a result of heavy inventory carryover from the previous year, as well as apprehension over consumer reaction to the substantial price increases that had taken place.
IN THIS ISSUE:
Mink Prices Up Again at NAFA
Demand Overflows to Wild Furs
Some Goods Double ‘05 Levels
China, Russia Dominate Buying
Imports by U.S. Slip in 2005
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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