Markets
Russian raw hides and finished leather market report. Moscow 1st August 2002

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Approaching holidays in Europe affected local market of raw hides and skins. During last month we saw fewer business transactions being made. By the end of July many wholesalers had closed down until the end of August. Raw material prices were somewhat lower, but not enough to speak about price decrease. Despite lower demand from abroad (especially by the end of July) sellers preferred rather to keep the goods until the second half of August than to sell at lower prices. Pigskins remained out of favor. Very few buyers of pigskins remained active in the local market and it was quite difficult to find a buyer offering reasonable price. Nevertheless price reduction has stopped.

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