Why Did Bangladesh Increase Rawhide Prices for the Upcoming Animal Sacrifice Festival?
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Synopsis
In a recent announcement, Bangladesh's interim government has raised rawhide prices ahead of the Eid al-Adha festival. With a focus on boosting local trade and ensuring fair prices for sellers, the increase aims to manage the heightened demand for sacrificial animals. This year, preparations are underway for approximately 13 million animals in the country.
Key Takeaways
- Rawhide prices increased by five taka for the festival.
- Salted cow rawhide prices are now 60-65 taka per square foot.
- Salted goat rawhide prices are set at 22-27 taka per square foot.
- Export of unprocessed rawhide is now permitted.
- Nearly 13 million sacrificial animals are prepared for Eid al-Adha.
Dhaka, May 25 (NationPress) The interim government of Bangladesh has raised the prices of rawhide by five taka per square foot to facilitate procurement for the forthcoming major festival of animal sacrifice.
During a press conference held in Dhaka on Sunday, Bangladeshi Commerce Adviser Sheikh Bashir Uddin revealed that the government has established the price for salted cow rawhide at 60-65 taka per square foot in Dhaka and 55-60 taka outside the capital, according to reports from Xinhua news agency.
Furthermore, the maximum price for salted goat rawhide has been set at 22-27 taka per square foot, an increase from last year's 20-25 taka.
The adviser previously mentioned that the government has made the decision to permit the export of unprocessed rawhide from animals sacrificed during this year's Eid al-Adha celebration to enhance demand and secure better prices for traders at the local level.
Traditionally, this festival serves as a significant trading period for rawhides, with approximately 80 percent of the annual rawhide collection occurring during this time.
In preparation for this year's Eid al-Adha, nearly 13 million sacrificial animals, primarily cows and goats, are being readied, with the festival anticipated to be celebrated in the South Asian nation on or around June 7.
To assist Dhaka residents in acquiring sacrificial animals, local authorities have greenlit at least 19 cattle markets along with two permanent locations.
(1 U.S. dollar equals 122.8 taka)
Point of View
The recent price hike of rawhide in Bangladesh reflects the government's proactive approach to bolster local trade during the Eid al-Adha festival. By allowing exports and adjusting prices, the government seeks to ensure that both traders and consumers benefit during this significant occasion, which is vital for the economy.
NationPress
27/07/2025
Frequently Asked Questions
What is the new price for salted cow rawhide in Dhaka?
The new price for salted cow rawhide in Dhaka has been set at 60-65 taka per square foot.
Why did the government allow rawhide exports?
The government allowed rawhide exports to enhance demand and ensure better prices for traders at the local level.
How many sacrificial animals are prepared for Eid al-Adha?
Approximately 13 million sacrificial animals, mainly cows and goats, are being prepared for Eid al-Adha.
What was the price increase for goat rawhide?
The price for salted goat rawhide has increased from 20-25 taka to 22-27 taka per square foot.
How many cattle markets have been approved in Dhaka?
Dhaka authorities have approved at least 19 cattle markets along with two permanent locations.
