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In a Tuesday news release, the territory said polar bear pelts had not performed well at sales in recent years and there was a “limited market.”
Harvesters who sell a pelt privately for $1,750 or more can still earn a $450 “prime fur bonus” if they show the GNWT proof of the sale.
Only polar bear pelts are affected by the change. Forecasts show a “continued upward trend for the sale of many other types of pelts,” the GNWT stated.
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