Wild fur prices seen advancing

SANDY PARKER REPORT, VOL. 34, ISSUE 1, FEBRUARY 15, 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

Wild fur prices seen advancing

NORTH AMERICAN FUR AUCTIONS HAS LAUNCHED ITS BIGGEST WILD FUR CAMPAIGN EVER, with China as the main target. With mink prices having already recovered from last year’s slump, the company is putting all its promotional efforts into its Northern Lights wild fur program in hopes of substantially improving wild fur prices. Articles like muskrat, which have been dressed and manufactured in China, now are being consumed there, it points out. Others, like coyote, marten, fox and even fisher, are finding their way into that domestic market. In order for a manufacturer or retailer to participate in the campaign, they must purchase all their wild furs from NAFA.

The company is forecasting price increases for all wild furs over last May levels. However, it sees articles that were dominated by Russia having lesser increases as the Russian economy continues to recover from last year’s financial crisis.

IN THIS ISSUE
Mink Up Again in Copenhagen
Females Back Up Near Peaks
Mfrs. Seen Hiking Garments
China Taking More Wild Fur…
…Wild Prices Seen Advancing

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