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The global outbreak of the COVID-19 virus has hit almost every market fast and hard. The United States Hide, Skin & Leather Association has reported an alarming impact on both the hide and leather industry, as well as agriculture. Before the crisis, the supply chain was already dealing with a lull in demand and declining prices, but the credit value for animal by-products, particularly hides, has now dropped to an all-time low. Report by One 4 Leather
Leatherbiz Weekly on September 8 includes the latest in our exclusive Leather Pipeline market intelligence report.
Hide supplier AJ Hollander has said US cattle hides are still going into landfill owing to a lack of demand and value, reports Leatherbiz
The Leather and Hide Council of America (LHCA) has warned exporters of hides from the US to China that the authorities in the Asian country have issued a new requirement for imported raw materials to be free of covid-19 and to have certification that the products have undergone formal testing, reports Leatherbiz.
There is a problem in France: warehouses are full of raw hides blocked by the lockdown. And there are about 3 million hides in stock now. What does Covid-19 have to do with it? It forced the marketplace, and during the “confinement”, lockdown in French, the collection of raw material for tanning didn’t hit the pause button, writes Italy’s La Conceria.