Tuesday, April 8, 2008

"pelt" sighting: price of seal pelts down

N.L. tannery operator says seal pelts selling for about half of last year's cost

Mon, 2008-04-07 18:01.

CATALINA, N.L. - Seal hunters can expect to pocket about $33 for a top-grade pelt this year - about half the price it would have fetched last year, a Newfoundland seal product processor said Monday.

Dion Dakins, sales director for NuTan Furs Inc., said the revival of a grading system is to blame for the drop.

In 2007, without the grading system, sealers were getting $62 per pelt . The year before, competition among buyers saw prices spike at $105.

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