Lack of leather orders reduces global hide trade
During the week of Monday May 6, the global hide market faced low leather orders and, for the most...
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Buyers, sellers struggle to settle on hide prices
Sellers reported minimal hide trading on Thursday May 9 due to difficulty agreeing on a price between buyers and sellers. Several sellers said current hide prices were at historically low levels and were resistant to lowering further. Several buyers said the lack of leather demand and the high hide inventories did not justify buying more material. Fastmarkets analysts expect that, in order to entice buyers, sellers will lower prices to make buying material attractive despite having no need for the inventory in the near-term.
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