Floods affect Bangladeshi leather
Bangladeshi leather processing and leather goods sector is suffering on account of the ongoing monsoons and floods across the country.
The leather processors say they are not getting adequate hides and skins, a basic raw material for the industry, due to disruptions in road communication across the country. "Our production has fallen significantly as the supply of raw materials has declined by more than 50%," said Tipu Sultan, chairman of Bangladesh Finished Leather, Leathergoods & Footwear Exporters' Association (BFLLFEA).
The flood, however, has not affected the tanneries at
Leather and leather goods exporters initially estimated that export from the sector might decline by 15% to 20% this fiscal, following the fall in production. The sector’s export target for the current fiscal year has been fixed at $230 million.
