September 17

With limited demand for heavier weighted material, raw fresh frigorificos hides remain at zero pesos.

Currently, some tanneries are struggling to reinstate the export tax rate to zero, but all exports of wet salted and wet blue hides are having to pay the export tax again.

Low overseas demand is causing tanneries to continue running at a low rate.

Pundits opined that what is seen is speculative – Europe returned from the holidays and they are digesting their inventories.

There are sales of semi-finished leather at US$1.00 per sq.ft. for total TR selection. The demand in China is for upholstery and auto leather industries, but the auto sector is requesting high-end material.

Most tanneries have little work to complete nor they have many personnel due to a high labor…