Sale of sugar through TCB from tomorrow
Private sector refiners will distribute sugar in the capital through the Trading Corporation of Bangladesh (TCB) dealers from tomorrow in a bid to bring its price down, said the sugar refiners yesterday.
The decision was taken at a meeting between the refiners and Commerce Minister Faruk Khan at his secretariat office.
Recently, the price of sugar in the local market soared despite efforts from both government and private sector to control it.
As a result, the sugar is not being sold at the price fixed by the government.
Sugar is now being sold at Tk 48-50 per kilogram though the commerce ministry fixed its price at Tk 39 at the mill gate earlier so that the retail price remains fair during the Ramadan.
After the meeting, ASM Mohiuddin Monem, deputy managing director of Abdul Monem Limited, said every refiner would sell five tonnes of sugar every day to the 200 TCB appointed dealers at Tk 39 per kg.
He said the highest retail price of sugar may not cross Tk 42 per kg if its adequate supply both from the government and private sector is ensured.
However, he said such sales by the private sector would continue only during the Ramadan.
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