Osterhorn
Friday, 10.01.03

Market Report

The US $ in EURO
1,0510

What happened this week: The year continues to start slowly. Only by mid week activity increased and tanners found the time after having sorted out the paperwork after the long holiday to think about raw materials again. So, by Wednesday afternoon phone calls and mails started to come in with the request for prices and offers and on Friday sales resumed to normal. Interest came from all directions and for all type of hides. In particular low grades and dairy cows were the most desired items. Sales made were on full asking levels and a reasonable amount of orders was carried over for reply next week. One gets the impression, that the present price level is workable and profitable for most tanners and the serious customers also admitted, that for them the most important matter is, that prices stay now stable for the coming months.

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