Brazil
Market activity remained on the low-side given the upcoming end-of-year holidays. Many market participants told Fastmarkets that the slow activity was expected to continue throughout mid-December to early January.

The price of Brazilian wet blue TR1 hides remained unchanged from the week prior at $0.58-$0.64 per square foot CFR during the week to Thursday December 19, a few sellers told Fastmarkets.

South American hide prices

Europe
There were no significant changes in the European hide market over December 3-17. Suppliers reported that they tried to increase asking prices and refused all bids which were below last-traded levels. In the end, hides changed hands at prices which were very close to what…