Amidst reports which claimed that this Eid-ul-Azha too, many seasonal rawhide traders were not able to get the asking price following which many decided to dump the animal skins by the roadsides, rawhide traders are, reportedly, blaming the tannery owners over unpaid dues for the current liquidity crisis they are faced with.
Media reports maintained this while adding that even if in recent years, there has been a marked decline in the rawhide collection as stocks from previous years drove down demand while a financial crisis coupled with the pandemic compounded matters further, this time around things were expected to be better as the Government had increased the prices of rawhide by Taka 5 per square foot during the Eid while also paving the way for the export of 10 million pieces of wet blue leather over the next year.
…the situation has improved slightly as the tanners have paid us the money due this year, but they are not paying the old dues, reportedly, claimed the Secretary General of Bangladesh Hide and Skin Merchant Association Tipu Sultan while speaking to the media, adding rawhide traders are facing liquidity crisis even as the association’s President Aftab Khan on his part, reportedly, added that prices take a tumble when tanners refuse to buy hides.
Meanwhile, interacting with the media, General Secretary of Bangladesh Tanners Association Shakhawat Ullah, reportedly, refuted the allegation that unpaid dues led to a fund crunch for the rawhide merchants even as he stated that tanners have paid dues of the past few years, including last year and the year before that.
…some old dues are still unpaid, but that should not create a problem as this business is an ongoing process, reportedly, claimed Shakhawat Ullah.
