Hope for elephants as ivory prices fall

Posted on Mar 30 2017 - 10:03am by Editor

The Daily Nation 29 March 2017

The price of ivory has fallen by nearly two-thirds in the last three years, according to research conducted in China and published Wednesday by the conservation group Save the Elephants.

At its peak in 2014, the estimated wholesale price for raw ivory stood at Sh210,000 ($2,100 and 1,900 euros) per kilogramme on the Chinese black market, but by early 2017 the price had fallen to $730 per kilogramme, according to the report by two ivory trade experts, Esmond Martin and Lucy Vigne.

“This is good news, but poaching continues,” said Martin.

Chinese demand has driven a decade-long spike in elephant poaching in Africa, where the population has fallen by 110,000 over the last 10 years to just 415,000, according to a recent continental survey.

Vigne said both the amount of ivory for sale as well as prices had also fallen at 130 licensed outlets in China, reflecting a drop in demand in the world’s biggest ivory market.

source: http://www.nation.co.ke/news/africa/1066-3869842-dhwoj9z/

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