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Turkey – Buyers slow with payments

Published: 13 Jan, 2021

Reports from many countries are very similar, and Turkey is no exception to that. The market really should have minimal price changes when considering the state of the world economy at present, but the severe shortage of slaughter puts a strain on the number of hides available. Even those tanners who are working only part time need to have the through-put, as do traders who prefer to sell overseas in the raw (wet salted). This need for through-put and the lack of material will always push prices higher, even when fundamentally the state of the finished leather market should really have the opposite effect. Bull and cowhides from the Western regions of Turkey have shown some of the higher price increases. There are reports that wet-blue sales have continued to take place in limited quantities to both India and Portugal, but the numbers traded are well down on levels seen in the past. One trader started the New Year by making enquiries to a few major players in the shoe business, but the reply was that the situation is completely stagnant.

For ovine skin part of the trade, the nappa garment sector is still low, and the doubleface season is now over. There are reports of unofficial trading difficulties with Russian buyers, who, after agreeing business, are now slow in coming up with the cash payments in U.S. dollars. Although this situation is not a new one, it is somewhat exasperating this time around due to the very few outlets who are willing or able to do business. One commentator in Turkey summed up the situation: “We all hope for a better 2021, but it looks that with the virus still having a tight grip, there are doubts it will be a good year, at least not until at least the second quarter, when hopefully the vaccines start to take effect.”

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