Pakistan: hide sales could fall 10%
The supply of hides from sacrificial animals is expected to decline in 2011 following a sharp rise in prices of animals and decreased purchasing power during Eid-ul-Azha, according to the country’s tanners and meat merchants.
Pakistan Tanners Association (PTA) former chairman Gulzar Feroz told local media he expected at least a 10 to 15% drop in hide sales this year. Prices of animals are rising, which is one of the reasons why the supply of hides might decrease, he said.
Tanners say the decline in hide supply is almost equal to the fall in leather exports over the last few years.