State-run sugar mills in Bangladesh suffering from financial crisis

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State-run sugar mills in Bangladesh claims they are suffering from the financial crisis as many tonnes of sugar remains unsold in warehouses and they are struggling with massive debts.  The officials say that the mills would be relieved of financial burdens if they could sell the stockpiled sugar.

According to the media report, the production cost of the sugar is around double the market price that has increased the problems of the sugar mills in the country.

Taking note of the sugar sector’s woes, the Prime Minister’s Office has set up a committee to find out the flaws in the management of the 15 state-run sugar mills.

Sugarcane arrears and workers salary have remained a big issue for sugar mills. Therefore mills have urged the government to help them with the monetary support.

 

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