The US $ in EURO
1,1800

What happened this week: The volume of activity was slow during the week. Not a surprise knowing, that almost everyone is now awaiting the news and the outcome of the Bologna leather fair. As the whole leather trade has decided to be negative, it is very simple and easy: It can only be better than expected! However, also this week hides were sold and on top of the regular programs in males which needed to be extended again some bidding was seen from Asia in particular for low grades. As everybody else also they bid sharply below asking levels to fish around and so only isolated sales were concluded. In addition some scattered bids for dairy cows were seen, but also below what we think  the market level is. So, at the end a classic week of bargain hunting of those customers who have the courage to take the advantage of the relatively low price level of raw materials in Europe. With the week being over we have, however the impression that most sellers – with a lot of struggle – have managed over the past weeks to move what was needed and only ‘the impossibles’ are left. These are still the light

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