Leather Pipeline says a 10% cut in hide prices would do the trick
02/05/2017
The market has been quiet in recent weeks, the report says, but the time is coming when the tanning industry will have “to declare itself and replenish the raw material pipeline”. According to the report, the hold-up has been more a question of price than demand, but the consequence of tanners’ reluctance to replenish is that inventory is building up in suppliers’ warehouses and these need to move.
“Just to throw a rough indication into the ring,” Leather Pipeline says in its May 2 edition, “we believe that at about 10% below the prices quoted at the moment for the main US, South American and EU hides, sellers would have a fair chance of moving their stocks and productions for a while.”
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