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Downward price pressure on tanners keeps hide prices under control

17/05/2004

 

Throughout the period under review (May 3-17), the wider picture was dominated by the ongoing increase in oil prices. On the day of writing, prices per barrel broke through the $1.41 barrier and most experts are predicting further increases.  Though we are no great followers of ‘the experts’, even if prices remained on average between $35 and $40 per barrel, the medium term consequences would be massive.

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