Brazil
Hide market participants were more optimistic given the larger global push to delay the implementation of the European Union Deforestation Regulation (EUDR). The policy is expected to severely limit Brazilian trade into the EU because of a link between deforestation and the practices adopted by Brazilian farmers.
Several sources reported an uptick in demand from Italian tanners during the week to Thursday October 3.
Cattle slaughter remained strong in Brazil.
Amid stronger market confidence, the price of Brazilian wet blue TR1 hides increased to $0.58-0.68 per square foot during the week to Thursday, several sellers told Fastmarkets.
Argentina
Wildfires continue to burn through the province of Cordoba as of Thursday, with at least 55 square miles destroyed, according to International Charter Space & Major Disasters.
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