AP News

News Summary: China demand pushes mink prices up

FUR REAL: Demand in China for higher-quality furs among the newly wealthy has helped push mink pelt prices to record levels and shielded U.S. farmers from the sluggish economy.

RECESSION IMPACT: Americans struggling to hold on to their jobs and homes stopped shopping for furs during the recession. U.S. retail prices hit a 10-year low in 2009.

THE FUTURE: Animal rights activists, who have worked to make fur unfashionable in the U.S., are turning their attention to Asia, but thus far, American fur farmers are reaping greater profits.

China's Killer Profits
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