AGRICULTURE NEWS - The global luxury leather market has taken a severe knock due to the COVID-19 pandemic decimating the tourist markets where crocodile and ostrich leather products are sold.
Francois de Wet, managing director of ostrich goods manufacturer Cape Karoo International, said demand on the local market for ostrich leather had declined dramatically.
“This is directly related to weak tourist activity. The footwear market for leather shoes in the US and Mexico went down dramatically as well, and demand is about half of what it was before COVID-19. But there are signs that this segment is slowly picking up again.”
Read the full article here on the Caxton publication, Farmer's Weekly
