Tanners fix hide prices

Tanners yesterday fixed the price of raw cowhide at Tk 50 per square foot in the capital and goatskin at Tk 20 per square foot.

Delwar Hossain, president of Bangladesh Hide and Skin Merchants Association, announced the prices at a press briefing held at a hotel in Dhanmondi area.

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Last year, the price of per square foot salted cowhide was fixed between Tk 50 and Tk 55 in Dhaka and between Tk 40 and Tk 45 outside the capital, according to data from Bangladesh Tanners' Association.

The price of goatskin was fixed between Tk 20 and Tk 22 per sft across the country last year.

The Eid-ul-Azha will be observed across the country on September 13.

The tanners were supposed to declare the prices on Wednesday as per an instruction by Commerce Minister Tofail Ahmed given on Monday.

But they were late for setting the prices of rawhide as traders in the leather and rawhide business could not reach a consensus.

In 2015-16, Bangladesh exported leather and leather goods worth $1.16 billion, which was $1.13 billion in the previous fiscal year and $1.29 billion in 2013-14, according to the Export Promotion Bureau.