CORRECT:China's crackdown on polluting tanneries, Russia sanctions drive record slump in lambskin prices

Fri, 28 Nov 2014

(Fixes currency of salted wool-on skins in 15th paragraph.) By Tina Morrison Nov. 28 (BusinessDesk) - Global lambskin prices have collapsed from the first quarter's record highs, as a Chinese crackdown on polluting tanneries and Russian trade sanctions sapped demand. The price for third-grade lambskins, a benchmark for leather garments, has fallen below US$50 per dozen from a record high of US$95/dozen in the first quarter of this year, according to Invercargill-based Alliance Group, the world's largest processor and exporter of sheepm...

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