Refined sugar prices rise by Tk5 per kg | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
June 15, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JUNE 15, 2025
Refined sugar prices rise by Tk5 per kg

Bazaar

TBS Report
26 January, 2023, 01:30 pm
Last modified: 26 January, 2023, 04:43 pm

Related News

  • A year on, S Alam Group yet to pay Tk434 crore in import duties on raw cane sugar
  • How sugar corporation’s money mess drags 5 state-owned banks into trouble
  • 3 arrested with 340 sacks of Indian sugar in Sylhet: Police
  • India sugar prices hit 18-month low, mills struggle to make cane payments
  • Govt to procure 55 lakh litres soybean oil, 60,000 tonnes fertiliser

Refined sugar prices rise by Tk5 per kg

TBS Report
26 January, 2023, 01:30 pm
Last modified: 26 January, 2023, 04:43 pm
Representative Photo: Pixabay.
Representative Photo: Pixabay.

Bangladesh Sugar Refiners Association has increased the price of loose refined sugar by Tk5 per kg to Tk107 and packaged refined sugar by Tk4 per kg to Tk112.

The new prices will be effective from 1 February, according to a press release published by the Bangladesh Sugar Refiners Association on Thursday (26 January).

Earlier on 17 November 2022, the price of refined sugar was increased by Tk13 per kg to Tk102 for loose sugar and Tk 108 for packaged ones.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The price was increased considering the price hike of unrefined sugar in the global market, dollar price increase, and increase in operational costs of local mills, reads the statement. The press release adds that the decision was taken after consulting the Bangladesh Trade and Tariff Commission and the Ministry of Commerce.

According to the commerce ministry, Bangladesh's annual demand for sugar is 20 lakh tonne, whereas it locally produces only 30,000 tonne and imports the rest 19.7 lakh tonne.

Sugar traders claim, "There is a lack of supply of packaged sugar in the market. Even though loose sugar is available, we are having to buy that at a higher price as well. That is why retailers are having to mark up the price of sugar."

Loose and packaged sugar is being sold in the market at Tk125-130 per kg, that is, the price of sugar is already higher in the local markets than the price fixed by the association.

Md Sahid, owner of Sahid General Store in Segunabagicha told TBS, "The price mentioned on the packet of a sugar brand is Tk107 but we are having to buy it at a higher price. That is why we are selling at Tk125."

He also complained that, "Companies now do not want to sell only packets of sugar. If you want to take sugar from them, they made it compulsory to buy salt or other products of their brand as well."

This shopkeeper, however, removed the price of sugar printed on the packet, so as not to get into any legal trouble.

A tea shop owner in Eskaton Garden, Rana, told TBS, "Tk107 packet of sugar has to be bought for Tk130. Sugar is essential for tea shops, so there is no way but to buy it at a high price."

According to commerce ministry sources, the import of sugar during the July-December period of 2022 decreased by about 2.08 lakh tonnes compared to the same period of 2021.

However, during Ramadan, there is an increased demand for sugar. Usually, the demand for sugar is 1.5 lakh tonnes per month, but during Ramadan, this demand doubles to about 3 lakh tonnes.

On one hand is the preparation of Ramadan supplies, on another is the normal supply pressure. Traders said that there is lacking in both places. Due to which there is a crisis in the supply of sugar.

Traders say the supply crunch is due to the inability to open enough LCs due to the dollar crunch.

Previously, the commerce ministry had said it would warn the Bangladesh Bank that it will be held responsible for any shortage of essentials in the market during the forthcoming Ramadan as the central bank has not yet taken effective measures to solve existing problems, including dollar shortages, and complications in opening LCs for imports.

The ministry will request the central bank to provide dollars from reserves for the import of everyday commodities – including edible oil, sugar, dates, chickpeas, and lentil – to meet their increased demand during Ramadan, Senior Commerce Secretary Tapan Kanti Ghosh told The Business Standard.

Another official of the commerce ministry told TBS that the ministry in its letter to the central bank will mention that many luxury products continue to be imported alongside essential products such as fertilisers and fuel oil. Therefore, it would be very concerning if dollars were not provided to open LCs for the import of essential food products for Ramadan.

Bangladesh / Top News

Sugar / Sugar industry

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    5 Islamic banks to merge into one, no one will lose their jobs: BB governor
  • People watch from a bridge as flames from an Israeli attack rise from Sharan Oil depot, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS
    Iran says it will stop 'self-defence response' if Israel halts attacks
  • Scenes of destruction in Iran following reciprocal airstrikes. Photos: Reuters
    What’s next for Iran?

MOST VIEWED

  • Tour operator Borsha Islam. Photo: Collected
    ‘Tour Expert’ admin Borsha Islam arrested over Bandarban tourist deaths
  • Fighter jet. Photo: AFP
    3 F-35 fighter jets downed, two Israeli pilots in custody, claims Iranian media
  • Infographic: TBS
    Chattogram Port proposes 70%-100% tariff hike
  • Vehicles were seen stuck on the Dhaka-Tangail-Jamuna Bridge highway due to a traffic jam stretching 15 kilometres on 14 June 2025. Photo: TBS
    15km traffic jam on Dhaka-Tangail-Jamuna Bridge highway as post-Eid rush continues
  • Ahsan H Mansur. TBS sketch
    BB governor meets global litigation funders to mobilise $100m for tracing stolen assets
  • Burnt out cars and damaged buildings are all that’s left of this street in Ramat Gan Credit: AP
    Iran threatens to strike US, UK, and French bases if they help defend Israel

Related News

  • A year on, S Alam Group yet to pay Tk434 crore in import duties on raw cane sugar
  • How sugar corporation’s money mess drags 5 state-owned banks into trouble
  • 3 arrested with 340 sacks of Indian sugar in Sylhet: Police
  • India sugar prices hit 18-month low, mills struggle to make cane payments
  • Govt to procure 55 lakh litres soybean oil, 60,000 tonnes fertiliser

Features

Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

38m | Panorama
Photos: Collected

Kurtis that make a great office wear

2d | Mode
Among pet birds in the country, lovebirds are the most common, and they are also the most numerous in the haat. Photo: Junayet Rashel

Where feathers meet fortune: How a small pigeon stall became Dhaka’s premiere bird market

4d | Panorama
Illustration: Duniya Jahan/ TBS

Forget Katy Perry, here’s Bangladesh’s Ruthba Yasmin shooting for the moon

4d | Features

More Videos from TBS

How the world is reacting to Israel attacks on Iran?

How the world is reacting to Israel attacks on Iran?

Now | TBS World
Chattogram Port proposes 70%-100% tariff hike

Chattogram Port proposes 70%-100% tariff hike

38m | TBS Insight
Israel-Iran strikes: What are the worst-case scenarios?

Israel-Iran strikes: What are the worst-case scenarios?

1h | TBS World
EC moving forward with polls preparations, committed to ensuring level playing field: CEC

EC moving forward with polls preparations, committed to ensuring level playing field: CEC

2h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net