Bangladesh: tanners will stock up after festival
23/11/2009
Tanners in Bangladesh have said they anticipate buying higher numbers of local hides and skins after the feast of Eid-ul-Azha this year.
The feast falls between November 27 and 30 this year, and in the build-up, Bangladeshi tanners’s groups said the demand they were experiencing from the international market had picked up, meaning they would be in a position to buy higher volumes of the raw materials that become available at the time of the feast.
The chairman of the Bangladesh Finished Leather, Goods and Footwear Exporters Association (BFLGFEA), Alhaj Rezaul Karim Ansari, told local media recently: “Our leather demand has been growing at a rate of around 30%. For this reason, we’ve planned to procure as many hides and skins as we can.”
He warned, however, that the 168 tanners that make up the association will not be in a position to pay higher prices for the raw materials as, in negotiation with them, international leather buyers have been insisting on price reductions.
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