Hide business comes under pressure

The British Isles Report
Published:  19 February, 2015

The hide business came under pressure in late January and February due to a combination of falling selling prices and rising green prices. The falling sales prices were due to the upcoming Chinese New Year shut down combined with US dollar weakness after a recent strong run. In general, heavier hides were traded at $5 less per hide. Demand from Italy has remained weak and at lower prices so the only show in town has been effectively the Chinese.

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