Mill owners have decided to increase sugar prices by Tk 25 a kg ahead of Eid-ul-Azha, citing the volatility in the international market. The government set the cost of loose sugar at Tk 120 per kg, while packaged sugar was priced at Tk 125. In the letter, refiners proposed setting a price of Tk 140 for each kg of unpackaged sugar and Tk 150 for each kg of packaged ones. City Group, Deshbandhu Group, Meghna Group, S Alam Group, Abdul Monem Ltd and TK Group of Industries were linked with the trade of cooking oil and sugar. In a recent programme, however, the secretary blamed fluctuating prices in the international market for high prices of sugar.

Source: bd News24 June 19, 2023 11:43 UTC