HK April 2016 fair raw skins and hides market report - Leather, leather stocklots and leather scraps from Italy - Salted hides & skins, wet blue.

With the Hong Kong fair cold than, not much seems to have distorted when the conceal push as we await the accumulation together-fair follow uphill.

The purpose verify remained relatively steady on the subject of low volume once a stalemate of low bidsand sellers not delightful to endorse less money. A number of suppliers said there was a lot of resistance to price and buyers were pleasing to wait, hoping prices will come off in the neighboring-door week or as a result. The cow market pressure continued to fabricate forward a global surplus of hides, damp blue and crust that make roomy weight (1.4mm) leathers. Give or understand a dollar, colossal packer HTS traded surrounded by $65 to $67, BBS at $72 and HNS at $74.

Last week slaughter was 540,000 from 542,000 the week prior and 525,400 a year ago. Year-to-date slay is tracking taking into consideration last year, but is usual to adding together this summer gone than cattle supplies growing and beef forecasted to be featured by restaurants and retailers. The export sales for week ending March 24 was plus to at 378,800 from 658,700 the week prior and if the feedback from the fair is precise, it should be out cold average again in this weeks report. Packer margins for the week were negative by $29.96 per head, compared to a negative $27.80 the week in the by now.

Its a guess to predict prices in the hide way of physical, but this week a number of people are thinking prices will roll by now taking place although not significantly. Up until now, producers have been dexterous to preserve prices for the more taking into consideration ease-liked selections and this week no doubt will continue to put as regards a fine turn. If buyers follow through furthermore last week once low bids, it could be other slow weekperiod will publicize.

Italian Fashion staff