Raw materials


Extracts from the Hidenet World Reports


Argentina


Argentina’s cattle slaughter totalled 1.23 million head in August, down by 4% from July and the same as in August 2022. Adjusted for business days, the drop from July increases to 9%. The percentage of females was 48.9%, between three and seven-tenths higher than the previous three months, although more than one point below the recent April peak. It is also 5.5 points higher than a year ago.


After remaining stable for an extended period, raw material prices started rising at the end of September. Since our last report, steers gained $0.13 to sell for $0.57 per kilo, cows added $0.16 to sell for $0.46 and heifers rose by $0.13, selling for $0.62.


Australia


Wet-blue ox prices continued to decline in the early autumn. Grade A selections at 23–27kg were selling


$2.00 lower at US$48.00 per piece, as were selections at 18–23kg at $40.00. The USDA’s Foreign Agricultural Service forecasts that Australian beef supply will recover in 2024 to the point of reaching the sixth-highest production on record. The 2024 forecast is after a significant turning point in 2023, where production is estimated to grow by 16% from the lows of 2021 and 2022 not seen for 25 years because of a strong herd rebuild phase restricting cattle supply for processing. Beef exports are forecast to reach the fourth-highest on record in 2024 and regain some market share in three of its biggest Asian market destinations.


Bangladesh


Bangladesh’s leather exports dropped by 12.73% in July and August, compared with the same period last


fiscal year. Only the leather goods segment saw growth. In the first two months of fiscal 2023–24, leather exports totalled $194.8m, which was also 4.32% lower than the strategic target set for the period of $203.6m, according to data from the Export Promotion Bureau. Finished leather exports were $20.3m, down by 12.57% from a similar period of last fiscal year and by 0.25% from the strategic target set for the two-month period.


Leather International / www.leathermag.com


Argentine steer raw hides 1.25 –


1.00 – 0.75 – 0.50 – 0.25 – 0 – 0


1020304050 Weeks


Opening the fourth Bangladesh Leather Footwear and Leather Goods International Sourcing Show- BLIS-2023 in October, Commerce Minister Tipu Munshi said that the country aims to earn $300bn in exports by 2041, and the government is working relentlessly to diversify the export sector and is taking various special initiatives to reach the goal. Munshi said that leather products are contributing significantly to lifting export earnings to new heights and that Bangladesh is establishing itself as a reliable source for supplying leather products to the global market.


Benelux


Bull prices in the Benelux area rose along with other origins in the period after Lineapelle. Weights of 30–39kg


Brazil TR1 1.30 –


1.05 –


2021 2020


2022 2023


2021 2020


2022 2023


0.80 –


0.55 –


0.30 – 0


1020304050 Weeks


21


Price ($)


Price ($)


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