Raw materials


Extracts from the Hidenet World Reports


Argentina


The Argentine hide market faced fluctuations due to weak demand and lower offers. Cow prices fell from $0.20 to $0.08 per kg, and steers dropped from $0.46 to $0.36 per kg by late September. Heifer prices stayed stable at $0.52 per kg, supported by local tanneries producing shoe leather. The wet salted market saw limited activity, with slight price improvements at month’s end.


Australia


The Australian wet blue ox market remained steady with no significant price changes across all grades.


Grade A prices held firm, ranging from $33 for 14-18kg pieces to $63 for those over 31kg. Similarly, Grade B prices stayed unchanged, with 14-18kg pieces at $21 and those over 31kg at $56. Grade C also saw stability, with 18-23kg pieces priced at $25 and larger pieces over 31kg holding at $43.


Bangladesh


Bangladesh’s feed market was disrupted by political instability, flooding and economic challenges.


The resignation of Prime Minister Sheikh Hasina and violent protests broke down supply chains, inflating feed costs. Inflation hit 11.66%, increasing prices for key inputs like rice bran. Despite stable wheat imports and steady corn production, rising transport costs and flood damage to rice crops worsened the situation. Government reforms, including dissolving parliament, aimed to stabilise the nation but left the feed sector uncertain.


Benelux


Benelux remained stable with no significant price fluctuations. Prices for green hides weighing 30-39kg


held steady at $1 per kg, while heavier hides ranging from 40-49kg remained within the range of $0.90-$0.95 per kg.


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Brazil


Brazilian fresh hides remained steady at R$0.93 per kg, with Zebu hides ranging from R$0.65-R$0.90 per kg


and Gaucho hides between R$1.10-R$1.20 per kg. Despite steady hide prices, the cattle market saw significant price increases, with beef cattle prices rising to over R$268 per arroba by mid-September due to limited supply and strong export demand. However, leather sales in Brazil’s domestic market were sluggish, impacted by weak demand and global uncertainties. International markets, especially in Asia and Europe, saw minimal activity, with high inventories and low bids putting pressure on


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