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Rawhide prices rise little on 2nd day of Eid

Arifur Rahaman Tuhin
22 Jul 2021 17:30:58 | Update: 22 Jul 2021 17:30:58
Rawhide prices rise little on 2nd day of Eid
Workers apply salt on rawhides at merchant's warehouse at Posta of Lalbagh in Dhaka on Thursday — Rajib Dhar

Prices of rawhides of sacrificial animals increased marginally on Thursday, the second day of Eid-ul-Azha, compared to the previous year but it was still lower than the government-set prices.

Since morning, seasonal traders were gathering at Posta, the largest market of rawhides, from different parts of the capital and its outskirts to sell hides they collected on Wednesday.

These sellers told The Business Post that the prices of rawhides increased by Tk 50 hardly per piece while the merchants said that they were offering Tk 100 more compared to the previous year.

“On an average per piece of rawhide was sold at Tk 550 to Tk 600 yesterday which I sold at Tk 650 today. The prices of rawhides are a little bit higher than yesterday,” Nurul Islam, a madrassah teacher from Mirpur told The Business Post at Posta.

Nurul also said that the prices did not rise as expected.

However, the merchants at Posta said that they were offering Tk 100 to Tk 150 more per piece of rawhide based on sizes than what they had offered in the previous year.

“Prices of rawhides increased by Tk 100 to Tk 150 based on the size and quality of hides compared to the previous year,” said Maulana Shah Alam, a merchant at Posta.

It is a positives sign, he said, mismanagement caused waste of a lot of rawhides which would be a threat to offer a better price as wastes are also adjusted with the price.

Sattar Mia, a seasonal trader, told The Business Post, “I bought 10 pieces of rawhide from several persons and now trying to sell it. But the merchants are not offering the expected price. I waiting for a better price.”

He said that he sold the same size of rawhide at an average of Tk 700 on Wednesday and it was a bit high on Thursday.

Some traders said that they were not getting the fair prices of rawhides and they might have to incur losses.

“I had to sell rawhides measuring 25-40 square feet at Tk 800-900, which is very low compared to the government set prices,” said Ali Azam, a seasonal trader in the afternoon.

 In line with the government set prices, it was supposed to sell ranging Tk 1,100 to Tk 1,800 based on the size, he said. 

“If the merchants do not increase prices in line with the government set prices, we have to count losses,” he added.

On July 15, the Commerce Ministry raised the prices of the rawhide of sacrificial animals by Tk 2 to Tk 5 per square foot ahead of the Eid-ul-Azha.

It set the prices of salted rawhide of cow at Tk 40 to Tk 45 per sqft in Dhaka and Tk 33 to Tk 37 outside the capital, which was Tk 35 to Tk 40, and Tk 28 to Tk 32 respectively in the last year.

The prices of goatskin were fixed at Tk 15 to Tk 17 per sqft across the country. The prices of she-goat were fixed at Tk 12 to Tk 14. The prices of goat and she-goat were Tk 13 to 15 and Tk 10 to Tk 12 respectively last year.