Sunsari Morang Leather Industries Production Halved Due to Decreased International Demand
Summary
Leather industries in the Sunsari Morang industrial corridor have cut production to 50 percent as falling international demand and shrinking raw hide supplies squeeze businesses. Industrialists say rising chemical and labor costs have worsened losses, while one of the four eastern leather industries has already shut down.
Key Points
- Leather production in the Sunsari Morang industrial corridor has fallen to half because of weak international demand.
- Industrialists say rising chemical and labor costs, along with reduced raw hide collection, are causing losses.
- Buffalo hide prices have dropped sharply, while goat and sheep hide prices have risen.
- One of the four leather industries in eastern Nepal has already closed.
