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Small rawhide traders in trouble

Small-scale rawhide traders in Bangladesh are currently unable to sell salt-cured hides at expected prices due to influential traders seeking to slow the pace of purchases, The Daily Star reports.

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Hide waste continues due to low cashflow

The rawhide trade for 2021 still looks unfavourable in a number of countries, including Bangladesh, which has been negatively impacted by low cash flow and weakened markets as a result of Covid-19. Consequently, over the past two years, people at grassroots level have either thrown away or buried thousands of hides because they could not get proper prices from seasonal traders.

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Ban on hides may lead to smuggling

Industry insiders fear that hides may be smuggled to India as traders exhaust their stock capacity following the Government’s ban on hides entering Hazaribagh.

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Government scraps export tax on raw hides

The Zimbabwe government has scrapped tax on raw hides exports with effect from January this year in a move that is expected to boost viability of abattoirs and the leather industry.

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