The recent upturn in Brazil’s wet salted exports is widely thought to be the result of last December’s 9% duty on wet blue exports.

Prior to December, Brazilian wet salted hides were exported much less frequently than their wet blue counterparts as they have always been subject to a 9% duty. With the introduction of the wet blue duty, however, wet salted hides are once again being viewed as a viable export commodity, and exports have rise commensurately. In February alone, wet salted exports increased by 22% over the previous month, and all the signs are that their resurgence will continue.

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