So, most business was concluded in Europe and all interest from Asia this week was for males or heifers in the attempt to avoid the USA’s high prices. Interest for cows was shown but, since this type of leather is mainly used by upholstery and garment tanners, the enthusiasm was much less pronounced and price negotiations much more complicated. The volume of business in this segment was consequently much lower. However, nobody is really concerned because the inventory situation is not yet putting anyone under pressure to sell. So optimism was spread among sellers this week and any potential concern about prices and sales after the holidays were more or less erased.

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