Bangladesh's rawhide market has faced significant disruption following Eid-ul-Adha, with widespread reports of price crashes and unsold stockpiles.
Seasonal traders, madrasas and orphanages – key participants in the Eid hide trade – have struggled to sell their collections, as prices offered in the market fell far below government-fixed rates.
Despite higher official rates for this year, cowhides reported sold for 30-40% lower than the fixed prices, with some being abandoned or donated due to the lack of buyers. In cities like Chattogram and Bogura, some small traders and institutions failed to recover even their salt and transport costs.
Seasonal collectors accuse wholesale buyers of offering unreasonably low prices, while the buyers claim that tannery owners are unwilling to pay government-fixed rates. Tanners, in turn, point to declining international demand and high leftover inventories from previous years as reasons for their reluctance to purchase hides at set prices.
Unsold stock is currently in storage but, without proper preservation, many of these hides will likely go to landfill. Some have even warned of smuggling risks, as reports suggest cross-border buyers often pay in advance to secure hides during Eid.
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