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British Isles Prices Report
The well-documented problems in the Xinji and Wuji tanning areas in China have had an ongoing effect in the hide markets in the UK and Ireland.
What started out as a small problem just prior to the Hong Kong Fair has escalated into a serious problem for hide sellers. Allied to this is the situation with the Chinese banks where L/Cs (letters of credit) have been slow to be opened, if indeed opened at all.
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