Cash canola oil prices step back from recent gains as soyoil futures plunge
US spot canola oil prices fell on Wednesday January 22 as the benchmark soybean oil futures contract slumped almost...
Author: Alexandra Watts
Global hide demand remains subdued as Lunar New Year approaches
Chinese tanneries began to close in anticipation of the upcoming Lunar New Year celebrations, officially observed on February 10-17. These closures were expected to extend beyond the holiday period, as is customary, leading to reduced operations for an extended duration.
Despite the ongoing shutdowns, tanners remained attentive to market developments as of Wednesday January 22, and they were prepared to engage in purchasing if prices are favorable.
The global hide market was characterized by subdued demand, with bu...
