Saga Fur September Auction continued today with the selling of male mink. Saga Furs has sold around 90 percent of this season’s mink offering already earlier, and the September offering consists of breeders, summerskins and the most commercial lowgrades.
Challenges in the Russian economy and weakness of the Russian currency have further reduced buying for the Russian market. Slower growth in China and a declining stock market have made even the Chinese customers very careful in their buying. As a result of increased uncertainty mink prices are roughly 25 percent easier compared with June levels and approximately 85 percent of today’s offering was sold.
The auction will continue tomorrow with the selling of lower quality female mink.
Strong presence of Saga Furs at Première Vision Leather fair in Paris