US fur imports continue to rise

SANDY PARKER REPORT, VOL. 34, ISSUE 28, SEPTEMBER 20, 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
US fur imports continue to rise
IMPORTS OF FUR APPAREL INTO THE U.S. continued to rise in July for the seventh consecutive month of increases, following more than two years of almost solid monthly declines. Under the current economic conditions, however, the steady uptrend is not regarded so much as an indication of optimism for the season ahead as it is a need to replenish inventories after a long period of conservative filling-in as needed. Also, considering the substantial hike in prices this year, while the import figures may be up in value, the units (not available for comparable items) may show little change.
The latest Commerce Dept. report shows July imports from all sources amounted to $11.3 million, an increase of 14% over last year’s month. This consisted of $4.7 million in mink apparel, up 10%, and $6.6 million in other furs, up 17%. This brought the seven-month total to $44.6 million, an increase of 24% over last year’s period.
IN THIS ISSUE
Kopenhagen Windup Is Sellout
China Again Dominant Buyer
Prices Firm to Higher than June
World Turns to Short-Nap Mink
U.S. Imports Continue to 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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