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Rampant waste of raw hides and skins after Eid-ul-Azha

Despite fixing a higher price for the animal skins and allowing the export of wet-blue for the first time in 30 years, the Bangladesh government was unable to prevent widespread waste of raw hides and skins. However, the waste was reportedly less than in the previous two Eid-ul-Azha festivals.

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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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Tanners given extension on loan repayments

On June 22, Bangladesh Bank issued a notice extending the deadline for tanners to repay default loans by three months under relaxed facilities given the upcoming holiday, Eid-ul-Azha, scheduled to be celebrated July 21. Tanners usually buy rawhides worth Tk 1,500 crore (US$18 million) during the Eid-ul-Azha.

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Increased Savar pollution fears after Eid-ul-Azha

The Bangladesh government efforts to free tanneries from environmental pollution is being questioned as pollution still remains a major concern in newly built Savar tannery zone. The pollution is expected to get worse following the upcoming Eid-ul-Azha. 

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Traders worried by unsold Eid-ul-Azha raw materials

Seasonal raw hide and skin collectors in Magura are facing difficulties in selling raw materials brought during the recent Eid-ul-Azha as they are not getting fair prices. Seasonal traders say hides worth Tk1 crore (US$129,200) still remains unsold. 

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