Dhaka, Bangladesh (BBN)- Tanners have slashed the buying prices of per square foot rawhide of sacrificial animals during the Eid-ul-Azha as the value of exportable item has fallen in the global market.
The maximum buying prices of per square foot rawhide of sacrificial animals have been fixed at BDT 70-75 in the capital Dhaka and BDT 60-65 outside the capital during the Eid-ul-Azha.
Last year, the maximum procurement prices of rawhide were set at BDT 85-90 per sft for Dhaka, and BDT 75-80 for areas outside the capital.
The prices of goatskin will range between BDT 30 and BDT 35 per sft, while the prices of buffalo hide at BDT 40-45 per sft throughout the country.
Bangladesh Tanners Association (BTA), Bangladesh Hide and Skin Merchants Association (BHSMA) and Bangladesh Finished Leather, Leather-goods and Footwear Exporters’ Association (BFLLFEA) jointly announced the prices at a press conference in Dhaka on Friday.
“The prices have been fixed on the lower side this Eid, as the prices of rawhide have fallen in the international market,” BFLLFEA president Md. Abu Taher told reporters.
He also said they have fixed the prices in line with the situation in the international market and the domestic scenario.
The tanners purchased rawhide and skin at higher prices in last year than the announced ones.
They had to purchase rawhide at the highest price of BDT 125 per sft against its announced price of BDT 85-95 in Dhaka and BDT 75-80 elsewhere.
According to the Ministry of Commerce, about 7.0 million sft rawhides are collected during the Eid-ul-Azha. During the year 2013-14, Bangladesh earned $1295.74 million by exporting leather and leather goods.
Of the total earning, some $505.54 million came from leather export, $240.09 million from leather goods, and $550.11 million from leather shoe export.
BBN/SSR/AD-04Oct14-1:22 pm (BST)
