In North America, slaughter numbers continue to decline. This has resulted in steer and cow prices rising rapidly. In the case of Heavy Texas, nearly 10% since Christmas. The cow sector is up dollars as well. Meanwhile, export business has been quite good with outstanding sales still to be shipped climbing passed 4,000,000 wet blue and raw hides.
Global apparel and footwear companies are looking for the next sourcing hotspot, as a result of the questionable competitiveness of China - the increase in labor costs and its limitation in capacity.
According to the international news site Leatherbiz the Chairman of India’s Council for Leather Exports (CLE), Rafeeque Ahmed, has said Indian tanners will turn to Africa to find the raw material required for an increase in leather production in his country.
