Uruguayan hides in demand in China
17/02/2011
Hide traders and packers have said interest in raw hides from Uruguay is at a high level from tanners around the world, but that 80% of exported hides are being shipped to China.
Daniel Cabrera, director of a company called Zelenco, has told local media that interest in Uruguayan hides had increased as 2010 went on and that 2011 had started with strong demand for and a considerable increase in the value of the raw material.
The price of cattle hides is higher than a year ago, he said, but there has also been a strong increase in the value of sheepskins. The skins are trading at between $3 and $6 at the moment, Mr Cabrera said.
He added: “Around 80% of exports are being sent to China and a lot of people in the industry are wondering what will happen if China stops buying, because as soon as China steps out of the market, prices will fall again.”
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