Groenewold Fur & Wool Company of Illinois is one of the major buyers of wild fur in the United States, and has a pretty good handle on the pulse of the fur market at any given time. Lately, Groenewold has been providing updates on the fur market for trappers through their website, a blog, twitter feed and text alerts.
Here’s part of a recent blog post about the Chinese fur market:
CHINESE FUR MARKET
As many of you have heard, the Chinese market is having some negative effect on the wild fur business. The effect is most acute for ranch mink. However, there will be some effect on wild furs. Most wild fur species did not see the dramatic price advances of ranch mink over the last 13 years, and are still attractively priced.
The problems are as follows:
- Warm weather in major Chinese cities.
- China has a new Premier who is not tolerating fur garments being used for bribery.
- Chinese consumers cannot accept these much higher garment prices. (THIS IS THE MAIN PROBLEM)
Click here to read the rest of the Groenewold blog.
For more information, and updates on fur prices for different species, visit www.GFWCO.com.
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