Indian demand drop hits Kenyan exporters
The demand for low-grade hides out of Kolkata, India, was possibly one of the few segments in the hide market functioning until recently. It was helping the exporters in Kenya withstand an otherwise difficult situation and encouraged them to tan more raw hides.
Unfortunately, due to the many problems (including the recently introduced Goods & Services Tax) besetting the Indian industry, this life-line seems to have been all but interrupted for the time being. Due to the ongoing sluggishness of the Chinese destination, local exporters see hard times ahead.
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