Osterhorn, Friday, October 25 2002
Osterhorn, Friday, 25.10.02
Courtesy of Friedrich Sturm GmbH & Co. KG
What happened this week: A generally quiet week has come to an end. Sales and interest have been one of the lowest for quite a long time. If there was any interest or activity it was – not too much surprising – in low quality hides. Buyers tried to bargain and had exaggerated hopes, but in view of the general market situation we finally accepted moderate declines of 2-3 % against our original asking levels. The interest for cheaper and more economical hides is in our opinion just the reflection of the price pressure along the supply chain and in some cases also related to good demand for cheaper sole leathers. All other buyers were put more on hold and only some normal program sales or coincidental sales were noted. In our case sales were exclusively made in Europe and we find Asian buyers pretty quiet now for some time. Those we were able to speak to reported mixed results from the fair in Highpoint, but in one thing all agreed:
