On Monday, a week before the Eid-ul-Azha, Commerce Minister Tofail Ahmed told reporters at his ministry that he issued the order so that both sellers and buyers make profits. Asked what will be the price, he said, “It should be realistic so that the people get a fair price while the traders in the leather industry do not count loss.”Bangladesh Tanners Association President Shaheen Ahmed told bdnews24.com the price of raw hide was Tk 50 to 55 per square feet last year in Dhaka, and Tk 45 to 50 outside the capital. Tanners’ leader Shaheen said the global price of hide has ‘plummeted’ and said this should be factored in while fixing the price. Mohiuddin Ahmed Mahin, a hide trader, said there was a ‘crisis’ of raw hide now. Mahin wants the government now to allow raw hides into Hazaribagh during the Eid this year.

Source: bd News24 September 05, 2016 13:30 UTC