Bulletin

Without power supply, the tanneries located in Jajmau are reported to have thrown away hundreds of hides as these cannot be processed or treated. 

Spanish auction prices have shown that bovine material, both male and female, has increased in price over the past month, with the sole exception of cow hides sold in Salamanca, down about €1/hide Carcass weights for most bovine material has increased slightly, so it would follow that the hides should increase in weight. 

We are now approaching the end of the season for both double face skins and wool on skin rugs, as the type of skins suitable for this business are no longer available. We are now approaching the end of the season for both double face skins and wool on skin rugs, as the type of skins suitable for this business are no longer available. 

Currency exchange rates have not gone the way of sellers, putting even more pressure on a hide market already under severe pressure. 

While talking with several tanners at the Hong Kong (APLF) trade fair, some expect prices of raw material to fall back a little more before the bottom is found, while others feel we are already at the bottom

At a time when the raw and semi-processed leather industry has focussed its attention on the tariff trade wars between two of the largest players, namely the United States and China. It is worth remembering that tariffs imposed to protect a particular country’s tanning industries are nothing new in the leather world. 

If you talk to the big meat packers and the larger traders of hides, then you would be under the impression the market had reached the bottom and prices were all on the up, hides of all grades and weights were in hot demand and generally the world was great. 

Steady business was reported last week. But as one source stated, steady is ok, but we need the market to pick up, if not in terms of prices at least in terms of quantity. 

We have all now had time to reflect on last week’s Hong Kong (APLF) trade fair. Coming into the fair, optimism was at a low point for both sellers and buyers.

Tanners are said not to have purchased much last week, preferring in the main to take a step back and observe the market, before, making any decisions.