Friedrich Sturm Market Report - 19.03.04
The US $ in EURO
1,2290
What happened this week: We could have copied last weeks report into this one with the only exception, that interest and sales picked up considerably this week and the number of hides sold easily compensated for the missing ones last week. Interest was widespread and came almost from all destinations with the usual dominance from the Far East. It is fairly difficult to get a clear picture, but the system of tanners using more and more global sourcing becomes the standard now. When we follow and believe the reports from the USA market reports than activity in this market was reduced again while in Europe it was more active. This can be only interpreted, that Asian tanners find European hides still more attractive and so they satisfy their need to buy still in part in Europe. Something which we can understand and easy to follow. Sales were well distributed between all the grades and as well dairy cows as well as bulls found their homes plus low grades. If one wants to find one item with less interest it were ox/heifers which however, represent only a small part of the production and consequently only play a minor role in the picture. As we expected, prices remained fairly well under
