Bangladesh Sugar and Food Industries Corporation

Bangladesh Sugar and Food Industries Corporation
Formation 1st July 1976
Headquarters Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Website Bangladesh Sugar and Food Industries Corporation

Bangladesh Sugar and Food Industries Corporation or BSFIC,[1] is a government owned corporation in Bangladesh that is charge of sugar production.[2][3] It was founded on 1st July 1976.[4] AKM Delwar Hossain is the present chairman of the corporation.[5] It is in charge of 15 state run sugar mills in Bangladesh.[6] The agency has been trying export sugar to Europe.[7] Private dealers in 2012 were not taking orders from the corporation as it was selling them at higher price then the market rate.[8] It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar.[9] In 2014 the corporation started selling sugar at 40 taka per kg which is half the production cost.[10]

References

  1. ↑ "Govt to export 50,000 tonnes of surplus sugar". thedailystar.ne. The Daily Star. 16 January 2013. Retrieved 6 October 2016.
  2. ↑ "Sugar Industry". en.banglapedia.org. Banglapedia. Retrieved 6 October 2016.
  3. ↑ "Sugar consumption on the rise". thedailystar.net. The Daily Star. 11 August 2016. Retrieved 6 October 2016.
  4. ↑ "Bangladesh Sugar & Food Industries Corporation". bsfic.gov.bd. Retrieved 6 October 2016.
  5. ↑ "Good days ahead for sugarcane growers". thedailystar.net. The Daily Star. 4 September 2016. Retrieved 6 October 2016.
  6. ↑ "Sugar prices rise". thedailystar.net. The Daily Star. 20 December 2015. Retrieved 6 October 2016.
  7. ↑ "Bangladesh raises duty on sugar imports". in.reuters.com. Reuters India. Retrieved 6 October 2016.
  8. ↑ Parvez, Sohel (1 July 2012). "Dealers not buying sugar from govt agency". thedailystar.net. The Daily Star. Retrieved 6 October 2016.
  9. ↑ "Sugar imports become costlier". thedailystar.net. The Daily Star. 27 August 2015. Retrieved 6 October 2016.
  10. ↑ "Sugar mills stuck in huge losses". thedailystar.net. The Daily Star. 29 August 2014. Retrieved 6 October 2016.
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