Bangladesh: Sugar prices continue to remain high despite government fixes MRP

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Dhaka: The prices of sugar in the domestic market continue to remain high despite the government fixed the maximum retail price (MRP) for the commodity to keep a check on rising prices.

The government on Thursday fixed the prices of packed sugar at TK 75 per kg and loose sugar at Tk 74 per kg after discussing the rates with the refiners as the sugar prices have increased by more than 15 per cent in the last three weeks.

The prices of sugar were 26 per cent higher when compared with the same period last year, according to the Trading Corporation of Bangladesh (TCB).

Despite this, the sugar is sold at Tk 80-88 per kg in the retail markets. According to the traders they are selling the old stock of sugar that they had purchased at a higher rate.

A sugar retailer said that he had purchased sugar at Tk 78 per kg last week and how he can sell it at a rate lower than this. Who will compensate my loss, he questioned. We want at least one week time to clear the old stock at the price we have purchased it, he said.

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