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Price of rawhide fixed ahead of the Eid-al-Adha
September 9th, 2016 at 1:19 pm
Price of rawhide fixed ahead of the Eid-al-Adha

Dhaka – Tanners have fixed the price of rawhide at Tk 50 per square foot in the capital while the price outside Dhaka has been fixed at Tk 40 per sft ahead of the Eid-al-Adha, one of the major religious celebrations of the Muslims, the traders said on Friday.

Tens of thousands of cows and goats will be slaughtered on the occasion of the festivals as the Muslims sacrifice those animals in the name of God. The Eid-al-Adha will be celebrated on September 13.

President of Bangladesh Hide and Skin Merchants Association Delawar Hossain announced the new price for cowhide and goatskins at a press conference in Dhaka.

The price of goatskin has been fixed at 15 to 20 taka per sft.

The rate for cowhide was fixed at Tk 50-55 per square foot in the capital and at Tk 40-45 for the rest of the country in the last year. The goatskin was ranged between Tk 15 and Tk 22 per square foot at that time.

Meanwhile, four state-owned commercial banks disbursed Tk 360 crore out of their disbursement target of Tk 610 crore among rawhide traders for buying skins of sacrificial animals.

Banks provide the loan to rawhide traders every year for buying skins of sacrificial animals as the rawhide collected during the festival to cater much of Bangladesh’s demand for leather.

Janata Bank is providing the highest Tk 250 crore loan to 20 traders for the rawhide purchase this year. Rupali Bank is disbursing Tk 160 crore, Agrani Bank Tk 130 crore while Sonali Bank is disbursing Tk 70 crore.

Managing Director of Rupali Bank Ataur Rahman said his bank is giving its client businesspeople Tk 160 core for rawhide purchase this year. But defaulters will not be given any loan this year, he added.

Managing Director of Sonali Bank Obayed Ullah Al Masud said his bank will give loan only to the rawhide traders who have cleared their loans taken earlier.

Mohiuddin Ahmed, President of Bangladesh Finished Leather, Leather Goods and Footwear Exporters Association, told state-run Bangladesh Sangbad Sangstha news agency that businesspeople get over Tk 600 crore loan for rawhide purchase every year.