The specific duty would be Tk 4,500 a tonne
The NBR expects that sugar prices will decrease in proportion to the duty reduction, and it hopes this measure will also discourage sugar smuggling.
From March 7, TCB will sell sugar at Tk 100 a kg
Senior Commerce Secretary Tapan Kanti Ghosh says
Loose sugar will be Tk 120 a kg, packaged sugar Tk 125
Indian mills produced 31.1 million tonnes of sugar since the current season began on October 1, a fall of 5.4 per cent year on year, as many mills closed early due to limited availability of sugar cane, a leading trade body said on Tuesday.
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.
From April 8, loose sugar will be Tk 104 per kg, packaged Tk 109
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 specific duty would be Tk 4,500 a tonne
The NBR expects that sugar prices will decrease in proportion to the duty reduction, and it hopes this measure will also discourage sugar smuggling.
From March 7, TCB will sell sugar at Tk 100 a kg
Senior Commerce Secretary Tapan Kanti Ghosh says
Loose sugar will be Tk 120 a kg, packaged sugar Tk 125
Indian mills produced 31.1 million tonnes of sugar since the current season began on October 1, a fall of 5.4 per cent year on year, as many mills closed early due to limited availability of sugar cane, a leading trade body said on Tuesday.
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.
From April 8, loose sugar will be Tk 104 per kg, packaged Tk 109
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 commerce ministry will ask the refiners and millers to reduce the price of sugar by Tk 5 a kilogramme (kg) as the government has reduced the import tax and value-added tax (VAT) on the sweetener.
