sugar price hike
TCB reverses decision to hike sugar prices by Tk 30 per kg
State minister assures that existing sugar stock is sufficient despite sugar mill fire
Sugar prices edge up as traders tighten supply
Sugar prices have gone up at both the wholesale and retail levels amid hoarding by traders on speculation of reduced supply after the fire incident at S Alam Refinery, one of the largest raw sugar importers and refiners in Bangladesh.
State-run mills start crushing as sugar price jumps
State-run sugar mills have started crushing locally-grown sugarcane, aiming to produce 33,000 tonnes of sugar in the current fiscal year of 2023-24, said a top official.
Sugar import duty halved
The import tariff on raw and refined sugar was halved by the National Board of Revenue (NBR) yesterday in an attempt to contain prices in the domestic market.
Govt hikes retail sugar price by Tk 16 a kg
Loose sugar will be Tk 120 a kg, packaged sugar Tk 125
Sugar price hike an effect of global market
Sugar prices have reached a record high internationally, which has had a ripple effect on Bangladesh’s wholesale markets, including those in Dhaka and Chattogram.
Sugar prices edge up in wholesale market
Sugar prices edged up in the wholesale market of Bangladesh within days after refiners declared that they would sell the sweetener at higher prices from the first day of February.
Oil, sugar price hike yet another shock to the economy
The government must implement economic policies that deal with the ongoing crisis
State sugar agency has little to sell though prices rocket
With sugar prices making new records almost every day for a supply crunch at home and abroad, pushing up the cost of making sweetener-based foods, state-run Bangladesh Sugar and Food Industries Corporation (BSFIC) can’t increase the supply to provide some relief to consumers.
Food makers in a pickle for sudden sugar price hike
The sudden rise in the price of sugar, a key ingredient for popular items such as biscuits, juices, sweets and candies, has pushed up the cost of production, putting manufacturers in a tight spot.
Seven reasons behind the sugar crisis
The Directorate of National Consumers Right Protection has identified seven reasons behind the price hike and shortage of sugar, including gas crisis, not mentioning price in sales invoices and complications in opening letters of credit.
Gas crisis blamed for high price of sugar
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.
India may limit sugar exports to prevent domestic price hike
India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season's exports at 8 million tonnes, government and industry sources told Reuters.
Local prices of rice, oil, beef, egg, onion now higher than global markets: CPD
The prices of rice, edible oil, beef, sugar, egg and onion have risen more in Bangladesh than that of the international markets, affecting the poor people who are already suffering from erosion of purchasing capacity for pandemic caused income losses, said the Centre for Policy Dialogue (CPD) today.
Profiteers feast on sugar
Taking advantage of increased demand for sugar during Ramadan, many of the traders are making extra profits from the sweetener -- a practice that prompted strong warnings from Commerce Minister Tofail Ahmed.