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K. Asadullah Basha

DURING the last few weeks, the leather market has not witnessed any considerable change in the prices. Demand for goat suedes, glazed kid, upper and lining leather continues.

Likewise, while demand continues for buffalo calf, cow calf TC, a slight decline in demand for cow hides upper and lining leather was noted.

Demand for sheep nappa has not improved yet, though feeble transactions were reported in lighter shades top selections of reputed mark at Rs 6-6.50 per sq dcm. In general, lots were sold between Rs 3.80 and Rs 4.10. Rejection was sold at Rs 2 and below per sq dcm.

Some reputed manufacturers of all kinds of finished leather say that though they have received enquiries for different types of leather, business have not materialised. This is since the buyers are asking to deliver the goods on credit basis due to financial crunch and the sellers are hesitating to sell their lots on credit.

Contrary to finished leather prices, raw goat and sheep skin prices are ruling high due to seasonal arrivals, while hides and calf prices have come down due to unseasonal arrivals and also due to slow purchases by the regular buying houses.

On the export front, though there are enquiries for all kinds of leather and leather products, the present tension on the Indo-Pakistan border has dampened the mood of the exporters.

After the APLF, Hong Kong and the recently-concluded SIMAC and Lineapelle fair, Bologna in Italy, leading and medium scale manufacturer-exporters are busy in executing trail orders. Some of them have bagged good orders for the next season too.

Good demand was noted for different kinds of article in goat skins. Goat suede finished leather medium selection was sold between $1.30 and $1.50 per sq ft and top selection of selective marks were sold between $ 1.80 and $2.20 per sq ft, while lower end suede were sold between $0.80 and $1.10 per sq ft.

Different types of above mentioned upper leathers were sold between $0.80 and $1. 10 per sq ft for economy selection, medium selection between $1.20 and $1.80, while top selections of reputed marks were sold between $2.00 and $2.50 per sq ft .

In sheep skins gloving leather top selection of reputed marks were sold between $1.80 to $2.15 per sq ft , while medium selection was offered at $ 1.50-1.70 and lower selection at $1.05-1.20 depending on the size and finishes. Different kinds of upper finished leather (Caberetta finished leather) were sold between $2.00 and $2.30. Sheep nappa leather top selections were sold between $ 1.30 and $1.50, medium selection between $0.80 and $0.90 and lower ends between $ 0.45 and $0.55 per sq ft .

Different kinds of classic finished leather made out of imported cow hides, cow calf and buffalo calf like FC upper, metallic upper, burnish upper and softy upper of top selection of reputed marks were sold between $3.50 and $4.00 per sq ft .

Average selection was sold between $1.25 and $1.50.

Generally in volume cow, buffalo hides and their calf skins lining were sold between $ 0.65 and $0.75 for GH and 0.45 to 0.55 for IJ selection per sq ft.

Different kinds of upper leathers were sold between $1and $1.50 per sq ft to European and Far-East countries.

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