Tanners have announced the prices for purchasing cattle rawhides during Eid-ul-Azha, to be observed in Bangladesh on September 13, to maintain a discipline in the process.
They would buy salted cowhide at Tk50 per square feet in Dhaka and at Tk40 in other places across the country. The price of salted goatskin was fixed at Tk15 to Tk20 per sq. ft.
Bangladesh Finished Leather, Leather Goods and Footwear Exporters Association, Bangladesh Tanners’ Association and Bangladesh Hide and Skin Merchants Association jointly announced the prices at a press briefing in Dhaka today.
They offered lower price this year, what they said, due to fall in prices of leather and leather products in the international market. The traders cut the prices of rawhide citing a fall in the international market.
Last year, the rate for cowhide was Tk50-55 per sq. ft. in the capital and Tk40-45 elsewhere across the country. The price of goatskin ranged between Tk15 and Tk22 per sq. ft.
The tanners expected to collect five to six million pieces of cowhides this year.
According to an estimate, roughly 70% to 80% of the total annual requirement of rawhide is collected this season of Eid-ul-Azha, when Muslims sacrifice millions of animals – mainly cows and goats.
The people distribute the amount comes from the raw hide sales among the poor.
In the last fiscal year (2015-16), Bangladesh earned about US$1.2 billion by exporting processed leather, leather products and footwear – the second largest export sector of Bangladesh after apparel.
There is also a big domestic market of leather products and footwear.