Sugar prices rise Tk 5 per kg from Feb 1

26 January 2023, 07:05 pm | Updated: 02 December 2023, 09:41 pm

Sugar prices rise Tk 5 per kg from Feb 1
Photo: collected

The government has increased sugar price again, by Tk 5 per kg, which will be effective from February 1, 2023.

As per discussion with the commerce ministry, a circular has been issued today by the executive secretary of Bangladesh Sugar Refiners Association.

After the price hike, the maximum retail price of unpackaged sugar will be Tk 107 while the price of packaged sugar will be Tk 112.

“Taking into account the price increase in the international market and the exchange rate of the US dollar and the production cost going up, the price of unpackaged sugar per kg has been set at Tk 107 and packaged sugar at Tk 112 per kg – subject to discussion with the Ministry of Commerce,” the notification said.

Earlier, the government increased the retail price of sugar in November 2022. Currently, the price of packaged sugar is Tk 107 and unpackaged sugar Tk 102 per kg.

In the market, however, unpackaged sugar is sold at Tk 110 and packaged sugar at Tk 120 per kg. The retailers have blamed wholesalers for increasing the sugar price.

Category : Economy