North American Fur Auctions is predicting another good year for trappers and the fur industry.
Company spokesperson Dave Bewick says China was responsible for much of this year’s solid numbers, purchasing about 70% of his firm’s inventory.
He says the strong fur prices from last season are expected to continue into the winter:
“All indications point to another very profitable year. We certainly need the cooperation of cold weather in Russia and China — but I would say it that all happens, we will have a similar rebate that we gave out this year”.
Bewick adds that summer fur sales were very strong:
“The sales recently in Scandinavia have been exceptional, clearances have been 100%, prices are firm, China is still dominating the sales around the world and fashions amongst our younger crowd is very positive — they embrace fur, they want to wear fur.”
He also says he is very encouraged that there are a lot of youth getting involved in trapping across Canada.
According to Bewick, the main trapping season usually begins around the end of October and wraps up by Christmas.