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Flying fur prices put fox in focus as mink cull sparks shortage
Labelled mink pelts are seen in storage at Kopenhagen Fur during the outbreak of the coronavirus disease (COVID-19) in Glostrup, Denmark, Dec 7, 2020. (Photo: REUTERS/Andrew Kelly)
14 Dec 2020 08:39AM Share this content
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COPENHAGEN: Denmark s coronavirus-driven mink cull has put the fur business in a spin, with industry officials expecting fashion houses such as Louis Vuitton, Dior and Fendi to snap up fox and chinchilla to fill the gap.
The global fur trade, worth more than US$22 billion a year, is reeling from Denmark s decision to kill 17 million farmed mink after COVID-19 outbreaks at hundreds of farms led to the discovery of a new strain of coronavirus in the mammals.
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Labeled mink pelts are seen in storage at Kopenhagen Fur during the outbreak of the coronavirus disease (COVID-19) in Glostrup, Denmark, December 7, 2020. Picture taken December 7, 2020. REUTERS/Andrew Kelly The market will strengthen, an increase in prices will help our business in general, Saga Furs CEO Magnus Ljung said of the industry, which has seen years of falling prices. We ve already had more requests about foxes, if people see that there is a lack of mink, they could consider using something else, Ljung told Reuters.
LVMH s head of sustainability Helene Valade said this week that the French luxury group obtains fur from Finland. The owner of Louis Vuitton, Dior and Fendi, which relies on brokers to bid, says it is using only 100% certified mink, fox and finnraccoon.
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