Industry people said the country has a large stock of processed leather at the warehouses while the Eid-ul-Azha, the Muslims’ occasion of sacrificing animals, is approaching. “Non-compliance with environmental and other issues in the Bangladeshi tanneries are to blame for downward trend in the processed leather exports,” said an exporter. He said: “Buyers are not willing to collect processed leather from Bangladeshi tanneries as the tanneries do not properly follow environmental and health issues.”According to the Export Promotion Bureau data, the country earned $278m exporting processed leather in the fiscal year 2015-16. However, the total earnings from the leather and leather goods, the second highest contributor to national exports after garment industry has posted a 2.7% rise to earn $1.16bn from $1.13bn a year ago. Of the figure, an amount of $278m came from processed leather export, $388m from leather goods and $495m from footwear export.

Source: Dhaka Tribune August 31, 2016 18:56 UTC