Tanners start buying rawhide today amid a slump in prices and dumping of 35 percent rawhide after the Eid-ul-Azha.
“We have already conveyed the message to our members that we will start buying salt-applied rawhide from today. Purchasing will continue for the next two months,” Shakawat Ullah, general secretary of Bangladesh Tanners Association.
“We had originally planned to buy rawhide from August 20. However, we have moved the date forward as many seasonal traders have already thrown away some rawhide due to poor demand,” he added.
Shakawat said they would buy rawhide at government fixed rates. Rawhide would be bought directly from merchants and also through agents appointed previously.
Before the Eid, the commerce ministry had fixed the prices of salt-applied rawhide of cows and buffaloes at Tk 45-50 per square foot in the capital and Tk 35-40 elsewhere.
Some 35 percent of more than 1.18 crore pieces of rawhide were thrown away by sonal traders after the Eid-ul-Azha, mainly due to slack market monitoring by the government, a syndication of some tanners and merchants, and merchants’.