Bangladesh: Domestic sugar supply reduces by half due to energy crisis

Domestic sugar supply from refineries lowered to nearly half due to the energy crisis and disruption in production, reports Dhaka Tribune.

As per media report, they also attributed it to limitations in opening letters of credit (LCs) for high prices of US dollars and high import duties.

The market is daily getting a supply of around 4,000 tonnes of sugar per day as against the minimum supply of around 8,000 tonnes normally, media report said.

At a workshop organised by Bangladesh Competition Commission (BCC), the refiners pointed that they have to cut production by nearly 50% due to shortage of gas and electricity supply.

Sugar prices have shot up to Tk110-120 per kg from Tk85-95 per kg last month.

The refiners have urged the government to lower the higher import duties on sugar to resolve the issue.


Please enter your comment!
Please enter your name here