Soybean oil prices remain depressed heading into new year
Cash markets for US vegetable oils slowed to a halt on Tuesday December 24, with the majority of traders...
Author: Alexandra Watts
Muted activity, negative sentiment in US hide market ahead of Christmas holiday
Activity in the hide market slowed on Tuesday December 24 as many prepared for the Christmas holiday the following day. However, market sentiment remains negative, driven by several factors impacting the global leather trade, according to market participants.
Chinese tanners expressed pessimism, with weak leather demand forecasts and the continued devaluation of the yuan against the US dollar weighing heavily on the market. Falling split prices further contributed to buyers pushing for lower hide prices.
Despite these pressures, Tuesday’s reports indicated that...
