This yr, each livestock and seasonal rawhide buyers faced financial difficulties at some point of Eid-ul-Adha. Despite the upward thrust in cattle charges, the marketplace for sacrificial animals changed into slow, main to monetary setbacks for lots investors. Seasonal rawhide investors expressed their frustration as business creditors presented low costs for the hides, no matter assurances from tanners approximately fair pricing. The traders accused wholesalers of forming syndicates to purchase rawhides at low costs.
In Chattogram, wholesalers gathered around two hundred,000 rawhides in the two days following Eid, however seasonal buyers mentioned bad returns notwithstanding the discount in salt expenses. Wholesalers argued that they did no longer get hold of the authorities-fixed costs for rawhides, as there may be handiest one tannery in Chattogram, forcing them to rely upon tanneries in Dhaka.
Industry insiders aimed to gather 350,000 rawhides after Eid-ul-Adha, a goal predicted to be met by the stop of the week. Tannery proprietors cited environmental trendy problems as a primary motive for the depreciation in rawhide price. The unexpected oversupply at some stage in Eid additionally posed challenges in shopping and processing the rawhides.
Kamal Uddin, a seasonal trader, highlighted the disparity among purchase and sale costs of rawhides. He offered each cover for Tk250 to Tk450 and offered them for Tk300 to Tk500, incurring losses regardless of efforts to gather and preserve the hides. Traders referred to the reduced salt prices this year however did now not see a corresponding increase in rawhide fees.
The Ministry of Commerce set expenses for salted cowhide at Tk55 to Tk60 per square foot in Dhaka and Tk50 to Tk55 outdoor Dhaka. Salted goat hides were priced at Tk20 to Tk25 consistent with square foot. Wholesalers preserved rawhides with salt to save you harm, however said receiving lower fees from tannery proprietors than the authorities-constant prices.
Efforts were made to maintain rawhides at the upazila degree to avoid damage, with nearby government supervising the manner. Deputy Commissioner Abul Bashar Mohammad Fakhruzzaman cautioned that nearby investors could anticipate better costs in the event that they sold rawhides after proper maintenance.
Over the past decade, 21 out of 22 tanneries in Chattogram have closed due to economic losses and failure to satisfy environmental requirements, leaving wholesalers reliant on Dhaka tanneries. The last tannery, Reef Leather Limited, faces demanding situations because of declining call for for leather goods and expanded compliance fees.
Religious entities like Anjuman-e Rahmania Ahmadia Sunnia Trust and Gausia Committee Bangladesh aimed to collect a hundred,000 rawhides from the Chattogram place. The Bangladesh Tanners Association mentioned that only a few tanners ought to fetch correct charges for processed leather-based by adhering to worldwide environmental standards.
The situation is similar in other districts, with investors expressing disappointment over low fees and opting to donate unsold rawhides to non secular establishments. The government estimates that 1.2 crore animals have been slaughtered during Eid, main investors to keep hides with salt before promoting them to Dhaka-based tanners.