The skin of the sacrificial animal is spread on the road. The roads have become narrow. The odor is spreading in the area. August 8, Chittagong, Atura depot. Photo: Jewelery Shields More than half of the animal’s skin will be lost due to a major collapse in leather prices. The financial value of damaged leather is at least Tk 202 crore. However, when calculating the export of leather, the damage figure will be several times higher.
Talking to Tanarimikal and Artaadars in the last two days, it was reported that they were the target of collecting 3-5 lakh cows and 1-5 lakh buffalo, goat and sheep skin from all over the country during Eid of the sacrifice. However, at least 3-5 percent of the cow’s skin has not been paid at the minimum price. Again not giving timely salt, at least 20 percent of cow’s skin will be lost due to rain and heat. On the other hand, five percent of the sheep and goats’ skin was wasted due to price collapse. That means about 1 million of the 10 million skins will be wasted.
According to the government-fixed rate, the price of cow skin for large size of 1 to 5 square feet is expected to be Tk. And small to medium sized cow skin from 8 to 25 square feet is priced at Tk. 3,000. If the cost of a cow’s skin on an average is Tk 5,000, then the loss of Tk 20 crore will be. And if one goat’s skin is 5 taka then the loss is 12 crores. The owners and designers of the tannery say that about two and a half million pieces of leather will be wasted. If the skin was fine, there would have been at least Tk 1 million transactions at different stages.
There is a shortage of effective surveillance and initiatives of the government in the sale of sacrificial animal skin. It is alleged that at this time, the prices of leather were reduced by the owners of Artidar and Tannery. On the day of Eid, cow leather is sold in Dhaka from 1 to 5 rupees. Again the next day the posters were sold under the skin of Tk 8-20. It costs about 1 to 20 bucks per square foot of leather. However, the government bid was 3-5 bucks per square foot. However, the image of the whole country was even more terrifying. Seasonal traders counted losses without getting prices.
In the capital, Lalbagh postpone skin was seen at noon on Thursday. The tannery owners have been lacking time for tannery owners to start buying leather.
Md. Ebaytullah, Md. Ashraf, Md. Hafiz, along with a few small and medium marketers, said that the collapse of the price of leather was not an accident. After the ban on the export of wet blue leather (free of chemicals from wool and membranes) in 5, the artillerymen were held hostage to the owners of the tannery. They have a lot of money for the wholesalers and the artisans. Tannery owners did not pay more than 3-5 percent of the money owed before Eid on the occasion of taking the export from Hazaribagh to Hemayetpur’s leather industry. Expect to receive the remaining money soon. Due to the uncertainty, most of the stakeholders did not invest their knot money. So the price of leather has dropped drastically. However, the situation is worse for two or three years. If the government concerned had taken effective measures, they would have thought disaster could have been prevented.
Asked to know the senior Commerce Secretary. Mofizul Islam said at the first light, ‘The loss of skin is undesirable. Before the Eid we sat down with the merchants and set prices. However, the skin was not sold at that rate. ‘ He added, “From Saturday, tannery owners will start buying leather. If the situation does not improve, we will allow export of wet blue skin first. ‘
Ali Hossain, the former president of Bangladesh High and Skin Merchants Association, has criticized the Commerce Ministry for fixing the price without knowing the actual condition of the field before Eid. He said in the first light, it is a catastrophe to fix the price. More than 5 percent of the skin will be wasted. And Abu Taher, the former president of the Bangladesh Tanners’ Association (BTA), thinks the situation could not have been worse if he had announced that he would not buy the leather at competitive prices.
According to Khandaker Golam Moazzem, director of research at the private research firm CPD, the price of leather has dropped due to a lack of government surveillance, huge gaps in demand and provision, leather import. He said in the first light, the government could allow the export of leather in the form of wet blue in a limited range. However, the raw material needs to be accounted for against the demand of leather products and footwear factory. If that happens in the future, some disasters can be prevented.