Reuters is reporting a drastic 40 per cent drop in the price of farmed mink fur in Denmark this year, pointing to the bursting of the “Chinese” bubble that had recently driven prices.
Tage Pederson, Chair of Kopenhagen Fur, noted that the global output of mink fur had doubled in five years due to the ever-rising prices of the pelts.
But according to Reuters, a recent survey showed that wealthy Chinese consumers are expected to again decrease their purchases, the fourth year in a row it has occurred.
We know that fashion is cyclical; while mink – and other fur products – were once fashionable, they fell out of style as a generation learned the truth about the industry. With the exception of the notoriously ambiguous fur trim, fur has not made a comeback in Canada. The rising prices of fur in Canada has been directly attributable to the growth of demand in China. Now that the demand is slowing and producers have reached what must be a peak, we can expect to soon see a decline in production, and therefore a decline in the number of mink, foxes and other fur-bearing animals killed for their fur.
While we want to celebrate this news, we also recognize our work is far from over. Fur trim is still prevalent in Canada and until consumers know the truth, it will continue to be.
Join us today to bring an end to the fur industry in Canada.
Photo by Jo-Anne McArthur/WeAnimals.org