Weak hide prices in Argentina

Published:  09 June, 2017

Much like in neighboring countries, neither the internal demand nor the international markets seem to support an improvement in raw hide prices, which remain at the bottom with no clear sight of an improvement in the short term. The storm involving JBS, which operates several plants in the country, has so far failed to impact the hide market. After the announcement of the takeover from another Brazilian giant, Minerva Foods, of five JBS plants in Argentina, any shock coming from this side appears even less likely.

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