Raw materials


Extracts from the Hidenet World Reports


Argentina


The Argentine hide market experienced volatility driven by weak demand and reduced offers. Cow


prices dropped from $0.08 to $0.02 per kg, while steers decreased from $0.36 to $0.33 per kg by late November. Heifer prices remained steady at $0.52 per kg, bolstered by local tanneries producing shoe leather. The wet salted market saw limited inactivity.


Australia


The Australian wet blue ox market remained stable, with no notable price fluctuations across all grades.


Grade A prices held steady, ranging from $33 for 14-18kg pieces to $63 for those over 31kg. Similarly, Grade B prices remained unchanged, with 14-18kg pieces priced at $21 and those exceeding 31kg at $56. Grade C also saw no movement, with 18-23kg pieces at $25 and larger pieces over 31kg holding steady at $43.


Bangladesh


The Bangladesh leather industry is facing challenges in expanding exports due to the need for better


effluent treatment and LWG certification. The government is allowing tanneries like Apex and Bay Leather to set up private effluent plants to ease pressure on the central facility, with upgrades expected to help more tanneries obtain LWG certification and boost exports, potentially reaching $5bn annually. Meanwhile, the FAO is distributing silos and cattle feed to flood-affected farmers in northern Bangladesh to protect livestock. Tannery workers are also calling for the government to set a minimum wage of Tk18,001, while Apex Tannery is signing new contracts to increase sales of finished leather.


Benelux


The Benelux market remained stable, with no notable price changes. Green hides weighing


Leather International / www.leathermag.com


30.0-39.0kg stayed at $1.00 per kg, while heavier hides, ranging from 40.0-49.0kg, remained priced between $0.90-$0.95 per kg.


Brazil


Brazilian fresh hide prices edged down to R$0.91 per kg, with Zebu hides ranging from R$0.65-R$0.90


per kg and Gaucho hides priced between R$1.10-R$1.20 per kg. While hide prices remained stable, the cattle market experienced significant price increases, with beef cattle reaching over R$355.40 per arroba by late November, driven by limited supply and strong export demand. However,


Argentine steer raw hides 1.2 –


1.00 – 0.8 – 0.6 – 0.4 – 0.2 – 0


1020304050 Weeks


2022 2023 2024 2025


Brazil TR1


1.3 – 1.2 – 1.1 – 1.0 – 0.9 - 0.8 - 0.7 - 0.6 – 0.5 – 0.4 –


0


1020304050 Weeks


2022 2023 2024 2025


19


Price ($)


Price ($)


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