All articles by prameela vegi
prameela vegi
Successful celebration of World Leather Day
On April 26th the industry celebrated World Leather Day 2023. Started as a joint initiative between Leather Working Group (LWG) and Leather Naturally (LN). Its aim was to engage the industry to celebrate the positive attributes of leather. Three key product themes focused on the long-lasting properties of leather and their importance in reducing consumer impact.
China’s Q1 leather, footwear industry income drops 16.3%
The operational revenue of China’s leather, fur, feather and its products, and footwear firms above the authorized size was 215.85 billion yuan in the first quarter of 2023, according to the National Bureau of Statistics. This is a 16.3% reduction year on year.
Tyson Foods to cut 10% of corporate jobs
US food conglomerate and meatpacker Tyson will cut about 10% of its corporate workforce and 15% of the company’s senior leadership positions, according to CEO Donnie King.
Pou Chen to invest $280 million in Tamil Nadu
Taiwan’s Pou Chen Group, one of the world’s largest manufacturers of casual and athletic footwear for leading brands, signed a Memorandum of Understanding to invest in a manufacturing facility in Tamil Nadu, India.
USDA/FAS updates global protein production forecast
Global protein output is expected to remain virtually unchanged in 2023, at 59.1 million tons, as declining US output offsets increases in Australia, Brazil, China, and India. This is that latest forecast report from the US Department of Agriculture Foreign Agricultural Service (FAS).
Brazil’s March hide exports improved over February
Brazil’s March exports of hides and skins totaled US$103.8 million, 37.7% more than in the previous month, but 13.6% less compared to the same month last year when exports totaled US$120.1 million.
How low will US feedlot inventories go?
On the heels of the latest US Cattle on Feed report, declining feedlot production raises two questions, writes Derrell Peel in Drovers.
Brazil’s footwear exports to EU offset drops in other markets
Brazil’s January footwear exports totaled 14.63 million pairs with a value of US$117.9 million. Both the volume (+4.5%) and value (+16.6%) are higher compared to January last year.
Brazil’s January hide exports 19% higher than December
Brazil’s January exports of hides and skins totaled US$99.1 million, 19.1% more than in December. Compared to January 2022, however, it was down by 2.5% compared to the same month last year.
Argentina slaughtered 4% more cattle in 2022
In 2022, Argentina slaughtered 13.5 million head of cattle, 4.2% (almost 540,000) more than in 2021 but still 5% less than the 14.23 million cattle in 2020.