Sugar supply fell over the past week and the shortage caused the price hike, said Abul Hashem, a wholesaler in Old Dhaka’s Moulvibazar. Sugar prices have increased by 19.5 per cent in the past year, according to the Trading Corporation of Bangladesh, although the international media reported freight cost for imports has almost halved. ‘INSTABILITY IN IMPORTS’The annual demand for sugar in Bangladesh is 2.5 million tonnes. A commerce ministry official involved with market monitoring and price readjustment said dollar price was Tk 95 when sugar prices were readjusted. It seems sugar prices need another review.”‘ENERGY CRISIS’Biswajit Saha, a director of City Group, one of the suppliers of sugar, said a shortage of gas was causing more problems than the dollar crisis was.

Source: bd News24 October 21, 2022 15:06 UTC