Friedrich Sturm Market Report. 31.01.03
The US $ in EURO
1,0760
What happened this week: A copy of the market report of last week would have done it for this one. Dairy cows remained in the focus of the interest and in addition to further buying from the Far East also some ids form Italy were seen. The spread of bidding prices form Italy was extremely wide, from close to asking levels to bargain hunting at 5-7 % below asking levels. We have to assume, that most sellers took our position and were only willing to accept prices which were on or close to asking levels. Bid from Asia were on the same levels as last week or even a percent higher when needed. In any case the demand continued to be steady and sales are cleaning most of the production up. Not to give a wrong impression about the general activity this week. The number of inquiries was not particularly high, but all what came in was serious and was turned into a sales. This confirms, that there are tanners who are seriously in need of hides or feel it might be better to buy
