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Price Of Fur Is On The Rise

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By KMVT News

Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) The price of fur is on the rise, with Montana trappers claiming their industry has hit a 30-year high.

A recent survey by National Public Radio estimates the fur industry's worth at 15.5 billion dollars last year.

This is an increase of 45 percent from 10 years ago.

Biologist Mike McDonald of Idaho Fish and Game explains the growing trend.

"We know the market is pretty strong, that furs for certain species are bringing pretty good prices. Prices that we haven't seen for a few years," he says.

McDonald has seen the demand for coyotes and bobcats increase significantly.

The rise in price is attributed to the growing incomes of buyers overseas - in China, Russia, and Korea.


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