According to reports, Australian hide prices are starting to recover following a steep price decline in early 2009.

Wet blue hide prices were reportedly up 56% compared with May 2009 prices, while raw hide prices have risen by more than 400%, having been particularly badly impacted last year.

Figures show that cattle hide prices rose 19% to $60.8 million between January and March compared with the same period in 2009, although this is still relatively low compared with prices prior to the global economic downturn.

Hide exports fell 53% in volume during the first three months of the year to 1.9 million pieces. Adult cattle slaughter fell 6% to 1.8 million head.

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