What happened this week: The slow start to the New Year continued in the second week of 2006. All in all, the situation remained a little lacklustre. While in Europe most tanners are reasonably well covered with hides – at least until the end of February – the vast majority of Asian customers are still more ‘ante portas’ than active decision makers in terms of European hides. There is a strong underlying interest for dairy cows and in particular for heavy ones, but tanners are struggling to accept present asking prices and so the gap between buyers and sellers still remains. A few bids came in during the week, but only some were converted into sales. Either the goods were not available, or prices and currency positions did not offer any opportunity to make a deal.

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