China's ivory ban sparks dramatic drop in prices across Asia

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Prices of raw ivory in Vietnam have fallen, which traders are linking to China’s announcement of its domestic ivory ban, according to new research

The price of raw ivory in Asia has fallen dramatically since the Chinese government announced plans to ban its domestic legal ivory trade, according to new research seen by the Guardian. Poaching, however, is not dropping in parallel.

Undercover investigators from the Wildlife Justice Commission (WJC) have been visiting traders in Hanoi over the last three years. In 2015 they were being offered raw ivory for an average of US$1322/kg in 2015, but by October 2016 that price had dropped to $750/kg, and by February this year prices were as much as 50% lower overall, at $660/kg.

Related: Alone, China’s ban on ivory could make life worse for elephants

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Source: china
Link : China’s ivory ban sparks dramatic drop in prices across Asia


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