Home / Knowledge / News / Textiles / Canadian fur industry back on track
Canadian fur industry back on track
05
May '10
The fur industry in Canada, subsequent to the dampening effects of recent global economic slump is now coming back on track.

Alan Herscovici, Executive Vice-President of the Fur Council of Canada stated that, while the previous year was quite dreadful for luxury products, currently, the industry has regained the vigour and is rejuvenating. The spin is observed in the historic prices for mink which Herscovici referred to as standard fur at the recent North American and European auctions.

He said that, there has been a hike of 30 percent in the prices of fur and it is now traded at the same price. Moreover, Canada is known for its traditional wild fur, but according to Herscovici, the trade follows price trends of mink.

But as the mink prices have declined, it has come under pressure, he said. During the previous year, recession brought down the overall exports of Canadian fur to $335 million from $430 million recorded in 2008.

The escalating prices are mainly attributable to the superior international branding and the fact that fur is one of the key choices for the spring designer shows.

He also informed that, a branding and promotional endeavour devised and launched together by the Fur Council and the Canadian Fur Trade Development Institute, two years back is also generating returns.

The fur trade while employing over 65,000 persons brings in over $800 million to the Canadian economy, each year.

Fibre2Fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search