The US $ in EURO
1,1580

What happened this week: Despite, that the general activity remained reasonable quiet, an underlying improvement in the leather business could be recognized. However, it is again still not broad based and leaves the problematic markets almost completely out. Consequently were sales good during the week, but limited to the high quality customers in Europe. Selling prices had to be adjusted in accordance with the abattoir market and leave margin problems mainly in male mainly. All sales went to the premium European customer base and covered almost all categories except light weight low grades and ox/heifers. All the rest was readily absorbed by customers who seemed to be quite happy with their order situation and the present raw material prices. Since this is only a very isolated group of tanners it cant be taken as representatively  for the market activity in general. This leads however, to the question: What is today the reliable base for the market judgement? Certainly not anymore the number of tanners and the daily market gossip.

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