Headline
** Slow place in Dhaka’s canals demarcation not acceptable ** Powerful earthquakes jolt Turkey and Syria ** Apparel sector eyes $15b Indian raw material support ** Belgium's Queen Mathilde Marie Christine visits corporate building, production house, day-care centre and different parts of knit composite manufacturing company Fakir Apparels Limited in Narayanganj district on Monday. PID photo ** President and PM express shock over quake in Turkey, Syria ** DB's final report clears Bushra, settles on suicide ** Turkey earthquake is country's worst disaster in 84 years: Erdogan ** IMF’s loan condition Additional Tk 65,000cr to be collected next year ** Major earthquake in Turkey, Syria kills nearly 2,300 people ** Bangladesh not sure to what end Indo-Bangladesh friendship is leading under Mr Modi's anti-Muslim stance ** PATHETIC INDEED! Geeta Biswas, a poor woman, failed to purchase OMS (open market sale) rice after standing in a long queue for hours. At last, she climbed into the truck for rice. When she tried to pick up the scattered rice in bags from the truck, the sellers took away the bags from her. Later she picked and took about one and a half kilos of rice. This photo was taken from Agrabad Government Commerce College area in Chattogram on Sunday. Agency photo ** Sending migrant workers BD-Malaysia agree to review MoU signed in 2021 ** Draft data protection law is a matter of concern: US envoy ** Pakistani former President Pervez Musharraf dies ** GDP growth in FY22 reaches 7.10pc ** US shoots down Chinese spy balloon ** The construction of a 300 feet wide and 12.5 kilometres long expressway from Kuril flyover to Kanchan Bridge to connect Purbachal New Town with Dhaka city is in the final stage. This photo was taken on Sunday. ** Bangladesh opens doors for 2,970 more Rohingya people ** Take necessary measures to stop theft of RMG goods on highway: BGMEA ** Influentials hamper reform process : Economists ** BNP announces march prog on February 11 ** Probe alleged enforced disappearances ** Stolen device worth Tk 47 lakh recovered ** Spy balloon row: High-altitude spying marks new low for US-China ties ** 642 killed in road accidents in January: JKS **

Gas, power crisis liable for sugar price hike

06 November 2022


Amid the ongoing sugar crisis, the price of sugar produced by state-owned factories has been hiked by Tk 14. The maximum retail price of local sugar has been increased from Tk 85 to Tk 99 per kg in accordance with the international and domestic market. With the price soaring of essential kitchen items as the government is reluctant to stop market monopoly and manipulation, people are in dire situations and the famine is knocking at the doors.
The price of each tonne of sugar produced by the Bangladesh Sugar and Food Industries Corporation was previously Tk 74,000 at the mill level, and has now been increased to Tk 85,000. That is, the price of sugar per kg at the mill level will be Tk 85. At the dealer level, the price of a tonne of sugar has been fixed at Tk 87,000. So the dealers will be able to buy sugar at Tk 87 per kg. Also, the price of 1 kg sugar packet at the mill gate has been increased from Tk 75 to Tk 90.
Bangladesh imports most of its refined sugar to meet the local demand of around 1.8 million to 2 million tonnes per annum. The Commerce Ministry increased sugar prices by Tk 6 per kg on October 6 as demanded by the traders amid the increasing import cost caused by the dollar price hike. The price of refined but loose sugar was fixed at Tk 90 a kg in the retail markets while the price of packaged sugar stood at Tk 95 per kg. Due to a supply shortage, packaged sugar was being sold at Tk 120 per kg for a few weeks. In some neighbourhoods, people complained that sugar was not available in the shops.
Production has been reduced to half of many companies due to a gas crisis. The gas and power shortage has jeopardised the industries and its impact is visible on the commodity prices.

Add Rate