The government on Wednesday temporarily lifted the ban on export of rawhides and wet blue leather in an effort to keep demand and supply of the items stable during Eid-ul-Azha.
The Office of the Chief Controller of Imports and Exports under the commerce ministry on Wednesday issued a public notice lifting the export ban on the raw and wet blue leathers imposed by the Export Policy 2018-21.
As per the notice, the raw and wet blue leathers will remain excluded from the list of export-prohibited products in the export policy until further notice.
A press release issued by the commerce ministry on Wednesday said that the ministry had decided to allow export of rawhides and wet blue leather on a caseto-case basis to keep supply and demand of the items stable during Eid-ul-Azha.
The decision was taken as per the recommendations of the taskforce on leather sector led by the industries ministry and the decision of a meeting of the Prime Minister’s Office held on July 20, the release said.
The commerce ministry has formed a 12-member committee to scrutinise and recommend the applications for rawhide export.
The procurement process of rawhides of sacrificial animals witnessed an unprecedented disorder last year as people who sacrificed animals and collected rawhides dumped a sizeable amount of the items after business syndicates declined to pay the minimum price.
Against the backdrop of a drastic fall in prices of the rawhides, the government last year announced to allow export of the items to maintain minimum prices, but later backtracked from its decision.
Although the government has made preparations to allow export of rawhides this year, it has set the prices of rawhides 30 per cent lower than last year’s prices.
Commerce minister Tipu Munshi on Sunday announced that the cowhide price was set at Tk 35-40 per square foot inside Dhaka and that outside Dhaka was set at Tk 2832 a square foot.
The price of castrated goatskin was set at Tk 13-15 a square foot and that of goatskin at Tk 10-12 a square foot across the country.
This year, the government has set the lowest-ever prices for the rawhides of animals to be sacrificed during the upcoming Eidul-Azha.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Trade & Commerce