The Brazilian leather and shoe industry analyst, Andre Mauricio dos Santos, has warned that the high prices currently being paid for wet blue hides cannot last indefinitely.

The combined effect of the 9% export duty on wet blue and the high prices themselves will inevitably start to push levels of overseas demand down, said dos Santos. However, against the backdrop of the European Foot and Mouth Disease crisis – and the high levels of demand for Brazilian wet blue hides that the outbreak is generating – few in the trade are fretting at the prediction.

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