The specific duty would be Tk 4,500 a tonne
The commission recommended NBR cut sugar import duty to 15% from existing 30%
The commodities will be purchased for the Trading Corporation of Bangladesh
Sugar price may reduce if US dollar rates fall, he says
Sugar prices have risen globally over the last couple of months
Refiners have cut edible oil and sugar prices by 3 percent or Tk 5 a litre/kilogramme.
The rates will be effective from tomorrow
Sugar refiners' proposal to hike sugar prices unreasonable, it says
Senior Commerce Secretary Tapan Kanti Ghosh says
The commerce ministry yesterday asked millers and refiners to reduce sugar price by Tk 5 per kilogramme at the retail level three weeks after the revenue authority reduced import duty for raw and refined sugar in a bid to bring down the prices of the sweetener.
The government must implement economic policies that deal with the ongoing crisis
Sugar has become dearer with prices going up by Tk 15 a kg at retail markets as millers cut supplies blaming insufficient gas flow at refineries.
Some 1 lakh tonnes of sugar will be imported soon, Bangladesh Bank said today.
The government today reduced the palm oil (super) price by Tk 8 per litre and raised the sugar price by Tk 6 per kg.