THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Tuesday, July 31, 2001

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Commodities

Commodities
Sluggish trend in leather
A SLUGGISH trend was witnessed in the leather market last week. It is expected to continue the next couple of weeks also. While the holidays in the European markets are said to be one of the reasons, the ``uncontrolled and continued'' hike in the prices of raw, wet blue hides and skins and semi-finished leather has forced the manufacturer-exporters of finished leather and leather products to defer their purchases. Not only that, rumors of duty on the export of finished leather has also deterred signing of new contracts.


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