Post by Tim Rose on Oct 13, 2009 9:36:21 GMT -5
www.furharvesters.com/furforecast.htm
Wild Fur Market Forecast
Market Forecast - Economic stability should bode well for most wild fur species.
Last year, wild fur, like most commodities, were hammered by the worst economic crisis since the great depression. Stock markets around the world were experiencing heavy losses and governments around the world were forced to bail out there failing banks.
Today we are in much different situation, several major countries are reporting they are out of recession. Most economist believe that the worst is behind us and this is reflected in how the stock market has rebounded from last winters lows.
That said, wild fur has some challenges to face. Skin and garment inventories at all levels are higher than normal. It will take time for these inventories to work through the pipeline and they will, as fur is very fashionable. Cold weather and economic stability drives sales and we need a cold start to winter particularly in Russia where much of our skins end up. Being an oil exporting country, Russia is benefiting from the recent rise in oil prices.
Fur Harvesters Auction continues to promote our products around the world. We have and will be attending and participating in all the major fur fairs as well as making several manufactures solicitation trips. All in an effort to ensure our auctions are well attended. The quality of our wild fur collections is second to none and this continues to draw the top tier manufactures.
In general terms the trade is feeling more optimistic about the upcoming season. We will update our views on individual species as we get closer to the start of trapping season.
Keep The Faith
Respectfully
Mark Downey
Chief Executive Officer
Fur Harvesters Auction Inc.
Wild Fur Market Forecast
Market Forecast - Economic stability should bode well for most wild fur species.
Last year, wild fur, like most commodities, were hammered by the worst economic crisis since the great depression. Stock markets around the world were experiencing heavy losses and governments around the world were forced to bail out there failing banks.
Today we are in much different situation, several major countries are reporting they are out of recession. Most economist believe that the worst is behind us and this is reflected in how the stock market has rebounded from last winters lows.
That said, wild fur has some challenges to face. Skin and garment inventories at all levels are higher than normal. It will take time for these inventories to work through the pipeline and they will, as fur is very fashionable. Cold weather and economic stability drives sales and we need a cold start to winter particularly in Russia where much of our skins end up. Being an oil exporting country, Russia is benefiting from the recent rise in oil prices.
Fur Harvesters Auction continues to promote our products around the world. We have and will be attending and participating in all the major fur fairs as well as making several manufactures solicitation trips. All in an effort to ensure our auctions are well attended. The quality of our wild fur collections is second to none and this continues to draw the top tier manufactures.
In general terms the trade is feeling more optimistic about the upcoming season. We will update our views on individual species as we get closer to the start of trapping season.
Keep The Faith
Respectfully
Mark Downey
Chief Executive Officer
Fur Harvesters Auction Inc.
