The government has decided to import sugar from Malaysia at a low cost.

The sugar will be sold at the open market through TCB at a low price.

Cabinet Committee on Government Purchase (CCGP) okayed two proposals from the Commerce Ministry on Wednesday (April 13).

Additional Secretary of the Cabinet Division Syed Mahmud Khan confirmed the matter to the media after a meeting.

A total of 12,500-ton sugar will be bought from BRIZO MARINE SDN BHD of Malaysia at Tk 68, 67, 43,125. Upon arrival at the port of Bangladesh, per kilogram of sugar will cost Tk 89.50.

Another shipment of the same amount of sugar will also arrive. As per the proposal, the per kg sugar price will cost Tk 88.74.

This sugar is being sold at subsidized prices at Tk 60.

The government is counting huge subsidies for low-income people.

Sugar is one of the products to have seen a price spiral in the last two years. Loose sugar price at the country’s market is Tk 104 per kg and packet sugar is TK 109.

BDST: 1442 HRS, APRIL 13, 2023
MSK/SMS