鹅绒不“香”了？今冬鸭绒价格大涨超三成，白鸭绒每吨逾64万元

Core Viewpoint - The price of duck down has surged significantly this winter, driven by supply and demand dynamics, with high-quality white duck down exceeding 647,000 yuan per ton, marking a notable increase compared to last year [1][2]. Group 1: Price Trends - The price of white duck down has risen from 4,250 yuan per kilogram to over 5,700 yuan per kilogram this year, reflecting a cumulative increase of over 34% [1]. - In contrast, the price increase for white goose down has been limited, with the latest quote at 938 yuan per kilogram, down from a peak of over 1,200 yuan per kilogram [1][2]. Group 2: Supply and Demand Factors - The recent price surge is attributed to a sudden drop in supply due to a nationwide cold snap in mid-October, which cleared existing inventory of down and feathers, leading to a supply shortage [1]. - The decline in duckling supply in the second half of the year, caused by farmers culling older ducks due to low prices earlier in the year, has further constrained the availability of duck down [2][3]. Group 3: Industry Outlook - The overall trend in the meat duck market has been declining, with a compound annual growth rate decrease of 12.2% over the past five years, indicating ongoing challenges in the industry [3]. - The price of duck down is expected to stabilize at high levels, with limited potential for further increases, as current prices are already at relatively high historical levels [3].