Legends of the Industry

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Kopenhagen Fur's September Auction around the corner



Kopenhagen Fur's September auction is just around the corner and the inspection has begun. The inspection started on August 30 and will be until September 8, and the auction will begin Friday, September 9, 2016.

Kopenhagen fur will be are offering approx. 4 million mink skins during this auction, this is their last in this season. This is a smaller offering compared to our September auction last season. Kopenhagen fur expecting a positive interest in the auction room and as reports indicates & their international customers confirm that there is a need for their goods, says Jesper Uggerhøj, CEO of Kopenhagen Fur.

However, he emphasizes that price levels are not expected to be satisfying for Kopenhagen Fur's mink breeders.

The decline in the world production of mink is the result of an increased balance between supply and demand. In 2015, the world production was at approx. 82 million mink and now it is estimated to be at approx. 54 million. However, we are still in a process where the market must adapt, which is reflected in the prices this season, Jesper Uggerhøj says.

It is expected that approx. 500 customers will visit Kopenhagen Fur during the auction. In addition to this many customers will follow the auction via live stream from Kopenhagen Fur's facilities in the Chinese city Tongerpu.


Fur Industry News - Worldwide
by RB Media Group
Posted: September 2, 2016