The government has approved the import of 12,500 metric tonnes of refined sugar to ensure an adequate supply in anticipation of the increased demand as the holy month of Ramadan is approaching.
This decision was made during a meeting of the Advisers’ Council Committee on Government Purchase at the Bangladesh Secretariat, chaired by Finance Adviser Dr. Salehuddin Ahmed.
Under the approved plan, the Ministry of Commerce will import the sugar from Baygalata Danismanlik Hizmetleri A S, based in Istanbul, at a total cost of Tk 78.26 crore. The price per kilogram has been set at Tk 94.94.
Dr. Salehuddin explained after the meeting that the decision to import sugar was taken in light of Ramadan’s approach. He emphasized that the move aims to stabilize the sugar market and ensure a sufficient supply for consumers during the fasting period.
Bangladesh’s annual sugar consumption is around 2 million tonnes, but local sugar mills can only produce approximately 200,000 tonnes. As a result, the country relies on imports to meet its sugar demand each year.
