Economic Reporter :
Local merchants are preparing for exporting rawhide even as tanners start purchase from today (Saturday) amid domestic market volatility, insiders said.
The traders are exploring the export markets and taking preparations for the shipments to China, Taiwan, India and Vietnam.
Business leaders will sit with the ministry of commerce on Sunday for expediting the process of export of the rawhides, they said.
General-secretary of the Bangladesh Hide and Skin Merchants Association (BHSMA) Tipu Sultan said they are taking preparation for the shipment of the rawhides as the government decided to allow exporters to export rawhide and skin after the drastic falloff in prices in the domestic market.
But Delwar Hossain, the association’s president, said since the decision on allowing rawhide export has come all on a sudden, traders are not fully prepared to start shipments.
“Firstly, we need to obtain export licence from the authorities concerned then we have to look for potential buyers,” he said.
“We assume China, Taiwan, Vietnam and India can be our export destinations,” he added.
After visiting the wholesale hub of Posta at Lalbagh, the FE found the collection of rawhides lower than that of the last year.
“We’ve purchased some 0.50 million pieces of rawhides of the sacrificial animals during the post-Eid period,” Mr Sultan.
Last year, the merchants procured nearly 1.0 million pieces of rawhides, he added.
At Posta, this correspondent observed that the workers had been unloading salted skins of sacrificial animals arriving from different parts of Dhaka.
Tipu Sultan said the wholesale traders bought rawhide of different sizes from Tk 350-Tk 600 from the seasonal traders in the first two days of Eid while the price increased slightly by Tk 50-Tk 100 per skin during the last two days.
He said another Tk 250 is spend on per skin for preservation purpose and if the merchants can sell a salted rawhide at Tk 1,000 or above, it will be profitable for them.
He, however, said the supply of salted skin to Posta has almost stopped as many of the seasonal traders have stockpiled the skins on their own for getting better price.
Local merchants are preparing for exporting rawhide even as tanners start purchase from today (Saturday) amid domestic market volatility, insiders said.
The traders are exploring the export markets and taking preparations for the shipments to China, Taiwan, India and Vietnam.
Business leaders will sit with the ministry of commerce on Sunday for expediting the process of export of the rawhides, they said.
General-secretary of the Bangladesh Hide and Skin Merchants Association (BHSMA) Tipu Sultan said they are taking preparation for the shipment of the rawhides as the government decided to allow exporters to export rawhide and skin after the drastic falloff in prices in the domestic market.
But Delwar Hossain, the association’s president, said since the decision on allowing rawhide export has come all on a sudden, traders are not fully prepared to start shipments.
“Firstly, we need to obtain export licence from the authorities concerned then we have to look for potential buyers,” he said.
“We assume China, Taiwan, Vietnam and India can be our export destinations,” he added.
After visiting the wholesale hub of Posta at Lalbagh, the FE found the collection of rawhides lower than that of the last year.
“We’ve purchased some 0.50 million pieces of rawhides of the sacrificial animals during the post-Eid period,” Mr Sultan.
Last year, the merchants procured nearly 1.0 million pieces of rawhides, he added.
At Posta, this correspondent observed that the workers had been unloading salted skins of sacrificial animals arriving from different parts of Dhaka.
Tipu Sultan said the wholesale traders bought rawhide of different sizes from Tk 350-Tk 600 from the seasonal traders in the first two days of Eid while the price increased slightly by Tk 50-Tk 100 per skin during the last two days.
He said another Tk 250 is spend on per skin for preservation purpose and if the merchants can sell a salted rawhide at Tk 1,000 or above, it will be profitable for them.
He, however, said the supply of salted skin to Posta has almost stopped as many of the seasonal traders have stockpiled the skins on their own for getting better price.
