Dhaka, June 8 -- Despite a government-mandated price hike, the rawhide market failed to meet expectations during Eid-ul-Azha, frustrating traders who say they were forced to sell below the official rates yet again. The Ministry of Commerce had increased the price of cowhide in Dhaka by Tk 5-10 per square foot, setting the official rate at Tk 60-65. But, ptraders said the market reality fell short. Most cowhides were sold at Tk 55-60 per square foot, with some deals made at even lower rates. "We collected cowhides from sacrificers for Tk 750, but ended up struggling to recover costs," said Hefaz Ullah, a trader from Uttara. "The best quality hides in this area fetched only Tk 800-820. We couldn't sell for more," he said. Sirza, a trader fr...
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