Bangladesh firm JMI Export Import Company Ltd has won a government contract to import 12,500 tonnes of sugar worth Tk 65.98 crore from Brazil and supply it to the Trading Corporation of Bangladesh.

The corporation will sell the sweetener among the low-income groups at a subsidised rate.

In a meeting chaired by Finance Minister AHM Mustafa Kamal, the cabinet committee on public purchase today announced JMI as the winner of a contract under the open tender method.

The decision was taken at a time, when the sugar prices hit a record high in the country.

TCB data showed that prices of sugar have risen 22 per cent to Tk 110-Tk 115 per kg from Tk 90-Tk 95 a month ago.

The present prices of sugar were 45 per cent higher year-on-year.

Cabinet Division Additional Secretary Syed Mahmud Khan briefed the media virtually about the procurement decisions after the meeting.