South Asian hide market sluggish Pakistan tanners produce no force

December 16th In the South Asian leather market, there are still people who are willing to purchase Indian blue wet cow hide and blue wet sheep fur. However, there are currently currency issues in India: In October, the exchange rate of the US dollar against the Indian rupee was 1:45/-, while in November it rose to 1:49/-, and the current ratio is 1:52.50. Therefore, in India, they are not eager to pay the reported price and the transaction volume is very small.

In Pakistan, it is reported that the price of commodities has risen by 10% due to a shortage of supply. Sheep fur and buffalo hides are currently in short supply, and due to shortages, some tanners have a production capacity of less than 50%, especially in the northern part of the country. Other issues affecting the industry include conventional power shortages and material sources.

Sheep fur was reported at PKR100-120sq.ft., goatskin was reported at PKR90-110/sq.ft., cow hide was reported at PKR120-140/sq.ft., and buffalo leather (available) was reported at PKR90-100sq. /ft. .