Letter To the Editor
Seasonal business of raw hide
Seasonal raw hide traders say there was no major anomaly over raw hides this Eid, but prices fixed by the government benefitted only merchants and not them. They also said the government increased prices but that did not meet their expectations.
Due to the increase, raw hide prices this year were a bit higher compared to last year. Consequently, rawhides had been bought at higher prices than last year and the market was better than the last two years. This year in Dhaka, the prices of salted hides of cows and buffaloes were fixed at Tk40-45 per square foot (sqft), which was Tk35-40 last year. Outside Dhaka, the prices of salted hides were set at Tk33-37 per sqft, which was Tk28-32 last year. Although merchants paid Tk100-200 more for a rawhide than last year, it was still less than the prices fixed by the government.
It is true that for a few years the raw hide traders have been watching a slump in the price. Even though the government has increased the price, reasonable price of this raw material has not been ensured. Fair price will further boost the business.