Prices of raw hides and finished leather climbed in the Russian Federation during February and March 2001, despite the introduction of higher levels of export duty on February 10.

Prices in February increased by at least $0.10 per kg in terms of raw material, with a dramatic rise being noted in the proportion of wet blue hide sales, principally because the new export duty for wet blue was fixed at 10%, in comparison to 20% for raw material.

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