In my last post, I had indicated that prices for Cow and Buffalo have increased but to how much extent I did not know.
Price for a raw cow hide for 6 months had been at the level of Rs 900-1000 and this has been increased to Rs 2500 per hide. And that simultaneous rise in price of Chemicals has deteriorated the already fainted Industry.
Major Buying starts from the region of Punjab where Sialkot is the Hub of leather articles. Even though Sialkot is facing enormous shortage of power since 3 months but buying at such higher rates means they are getting good prices for their products abroad.
Shoe manufacturers also had problems for 2 weeks when government imposed heavy duties on PU soles. Now the industry has resumed to its normal pace with a gift of price increase half way down the season.
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