Bangladesh hikes rawhide prices for Eid sale

Bangladesh has hiked the prices of rawhide by Tk 7 per sq foot for procurement during the Eid-ul-Azha, says Commerce Minister Tipu Munshi.

The announcement was made after a meeting on the management of the rawhide market and Eid sales at the Secretariat on Tuesday.

This year the government will set the price of salted cow rawhide at Tk 47-52 per sq foot in Dhaka and Tk 40-44 outside Dhaka.

The price of salted goat rawhide was set at a maximum of Tk 20, Munshi said.

Last year, the price of salted cow rawhide was Tk 40-44 in Dhaka and Tk 37 outside Dhaka, while the maximum price of salted goat rawhide was Tk 17.

EMPHASIS ON PRESERVATION

Tapan Kanti Ghosh, senior secretary to the commerce ministry, called on donors and buyers to ensure that salt is applied to the rawhides of animals sacrificed during Eid for preservation purposes.

"We want to encourage people to apply salt and preserve the hides themselves. Those who are sacrificing animals should be mindful of this. They should buy salt and either apply it themselves or give it to those who are taking the hides from them, be it an orphanage or any other religious institution or seasonal trader."

"We hope to be able to procure salted hides this year. This will help maintain the quality of the leather we produce and boost our export earnings."

The secretary noted that rawhide prices have been in decline since 2016. He attributed this to the relocation of the tannery industry from Hazaribagh and falling prices in the international market.

"But this year, we have increased the price of cattle rawhide by Tk 7 per sq foot. The price of goat hide has also been raised by Tk 3."