Tanners offer prices of rawhide |
Star Business Report
Tanners and leather goods makers have offered prices of rawhide ahead of the Eid-ul-Azha, which is going to be celebrated on Monday.
They quoted Tk 70 for a square foot of cowhide in Dhaka and Tk 60 outside the capital. They also quoted Tk 40 for a square foot of raw goatskin.
Bangladesh Finished Leather, Leathergoods and Footwear Exporter's Association (BFLLFEA) and Bangladesh Tanneries Association (BTA) at a meeting on Wednesday offered the prices.
"Sales volume usually exceeds approximately Tk 800 crore during the Eid-ul-Azha, when a huge number of cows and goats are sacrificed," said Tipu Sultan, president of BFLLFEA.
However, 90 percent of the hides of the sacrificed animals are bought by seasonal traders during the Eid, he added.
"Usually the seasonal traders buy rawhides at higher prices and sustain losses, affecting the leather sector. This is the reason we offer the prices," Sultan mentioned.
The traders also urged the government to put law enforcers on alert so that they do not fall victim to extortionists.
Harun Chowdhury, chairman of BTA, SM Azizur Rahman, chairman of Bangladesh Hide and Skin Merchants Association, among others, were present.