The retail price of sugar in Bangladesh has decreased from Tk135 per kilogram to Tk125-127, reflecting a reduction of Tk8 to 10 per kilogram. This decline is also observed in the wholesale market, according to Md Anwar Hossain Chowdhury, Joint Secretary of the Bangladesh Sugar Dealer Business Association.
Muhammad Nur-e-Alam, Manager of Production at the Bangladesh Sugar and Food Industries Corporation (BSFIC), highlighted that the country’s annual sugar demand is between 1.7 to 1.8 million tons, of which only 30,000 to 32,000 tons are produced domestically. He noted that of the 17 original sugar mills in the country, two were privatized in 1991, and production at six others was suspended during the 2020-21 fiscal year to reduce losses, leaving nine operational factories.
Chowdhury added that five major companies—S Alam Group, City Group, Meghna Group, Deshbandhu Group, and Igloo—are currently supplying sugar to the market, along with BSFIC, which sells red sugar. In Chittagong’s Khatunganj wholesale market, sugar is being sold at Tk118 to 120 per kg, depending on the brand, while government sugar remains priced at Tk125 per kg at the mill gate.
The recent decline in sugar prices aligns with a global decrease in prices. However, Emdadul Haque Raihan, owner of P N Enterprise in Khatunganj, warned that the price drop might be temporary due to fluctuating market demand.
