Dhaka, June 10 -- Even though the government has increased the prices of sacrificial animal hides this Eid-ul-Azha, seasonal traders claim they failed to sell at the official rates, while tannery owners argue that raising prices alone cannot revive the market without addressing its underlying issues.

During the critical 72-hour post-Eid period, Dhaka's Posta area in Lalbagh received the highest volume of rawhide. Seasonal traders from various parts of the city brought hides to the Posta warehouse for sale but expressed frustration at being unable to sell at the government-fixed rates.

As per the new rates set by the Ministry of Commerce, salted cowhide in Dhaka was priced at Tk 60-65 per square foot, up from last year's Tk 55-60. Outsid...