The US $ in EURO
1,0750

What happened this week: Most of the people this week have spent their time discussing ‘to go’ or ‘not to go’ to the Hongkong leather fair. With the deteriorating reportrs from China and Hongkong many people started from Thursday onwards to cancel definitely their trips. Finally the exhibitors took a wise decision and cancelled resp. postponed the fair to the end of June when hopefully the SARS will be history. The disappointing progress of the conquest of Iraq and the political and economical consequences are also burdening the mood of many people and so remained market conditions under a certain mental pressure. Sales numbers for the week were again much better than expected. Low grades and ox/heifers where in constant demand and added to the regular long term sales. Prices remained, however also this  week under pressure, but at the end reductions were not necessary or only in a very fractional  way. The strong sales for the last four weeks have cleaned most grades up

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