Staff Reporter :
The intelligence agencies have been asked to gather information on the alleged ‘syndicate’ that has been blamed for drastic fall in rawhide prices this year.
Sources alleged that the prices of raw hides fell sharply during Eid-ul-Azha owing to market manipulation by an active syndicate, causing massive loss to the small and seasonal traders.
Intelligence agencies would look into the existence of the syndicate and find out the real reasons behind rawhide price collapse, and then they would report it to the government, sources said.
A similar probe has also been launched by the district administrations across the country to find out causes behind the unprecedented price fall of rawhides and occurrences of dumping rawskins in ditches by people and small traders.
In Sylhet, the authorities of a Madrasha dumped 840 pieces of hides as they failed to sell those even at a minimum price. The same incident occurred in other districts also.
Failing to sell rawhides even at a minimum price, many seasonal traders also left the rawhides on the streets.
Hide merchants in Dhaka, however, attributed the rock-bottom prices to fund crisis, as tanners did not pay their arrears before Eid.
They also admitted existence of two syndicates, which were responsible for dictating rawhide prices this year and for causing damage to at least 30 percent hides of sacrificial animals.
“As per our calculation, around 1.10 crore cattle were sacrificed during Eid-ul-Azha. Around 30 per cent of cattle’s rawhides have not reached wholesalers in Dhaka meaning those have been spoiled in various ways. As a result, there will be a shortfall collection this year and ultimately it will leave a negative impact on export of leather and leather goods,” Md Delwar Hossain, President of Bangladesh Hide and Skin Merchants Association told The New Nation yesterday.
He also said that hide merchants in Dhaka were in fund crisis and so they did not buy rawhides appropriately on the Eid day, even after vast quantity of skins of sacrificial animals are being bought to the capital.
Meanwhile, the state-owned banks have moved forward to verify rawhide purchase by tanners after alleging that they did no clear arrears of hide merchants before Eid.
Four state-owned banks–Sonali, Janata, Agrani and Rupali– disbursed nearly Tk 700 crore credit facility to the tanners to purchase rawhide ahead of Eid-ul-Azha.
The intelligence agencies have been asked to gather information on the alleged ‘syndicate’ that has been blamed for drastic fall in rawhide prices this year.
Sources alleged that the prices of raw hides fell sharply during Eid-ul-Azha owing to market manipulation by an active syndicate, causing massive loss to the small and seasonal traders.
Intelligence agencies would look into the existence of the syndicate and find out the real reasons behind rawhide price collapse, and then they would report it to the government, sources said.
A similar probe has also been launched by the district administrations across the country to find out causes behind the unprecedented price fall of rawhides and occurrences of dumping rawskins in ditches by people and small traders.
In Sylhet, the authorities of a Madrasha dumped 840 pieces of hides as they failed to sell those even at a minimum price. The same incident occurred in other districts also.
Failing to sell rawhides even at a minimum price, many seasonal traders also left the rawhides on the streets.
Hide merchants in Dhaka, however, attributed the rock-bottom prices to fund crisis, as tanners did not pay their arrears before Eid.
They also admitted existence of two syndicates, which were responsible for dictating rawhide prices this year and for causing damage to at least 30 percent hides of sacrificial animals.
“As per our calculation, around 1.10 crore cattle were sacrificed during Eid-ul-Azha. Around 30 per cent of cattle’s rawhides have not reached wholesalers in Dhaka meaning those have been spoiled in various ways. As a result, there will be a shortfall collection this year and ultimately it will leave a negative impact on export of leather and leather goods,” Md Delwar Hossain, President of Bangladesh Hide and Skin Merchants Association told The New Nation yesterday.
He also said that hide merchants in Dhaka were in fund crisis and so they did not buy rawhides appropriately on the Eid day, even after vast quantity of skins of sacrificial animals are being bought to the capital.
Meanwhile, the state-owned banks have moved forward to verify rawhide purchase by tanners after alleging that they did no clear arrears of hide merchants before Eid.
Four state-owned banks–Sonali, Janata, Agrani and Rupali– disbursed nearly Tk 700 crore credit facility to the tanners to purchase rawhide ahead of Eid-ul-Azha.
