The NBR expects that sugar prices will decrease in proportion to the duty reduction, and it hopes this measure will also discourage sugar smuggling.
Sugar prices have gone up in Bangladesh in the past one week owing to its spike in the global markets and higher US dollar costs and supply crunch at home.
Sugar prices have gone up at both wholesale and retail markets in Dhaka and Chattogram in a span of a week owing to tight supply and millers’ call for adjusting the price in line with rising global rates.
Sugar refiners' proposal to hike sugar prices unreasonable, it says
Sugar prices have risen at the wholesale level amid speculations that import costs could go up seeing how the National Board of Revenue (NBR) has not extended duty benefits for importing the sweetener.
Tk 66.27 crore will be spent
Sales will begin tomorrow
Sugar prices edged up in the wholesale market of Bangladesh within days after refiners declared that they would sell the sweetener at higher prices from the first day of February.
Mango is versatile fruit and can be used to make delicious dishes and desserts. If you are a mango lover like me, you will love this collection of recipes that include both ripe and green mangoes!
With some smart sugar strategies, you can keep your cravings under control. Be adventurous and outsmart your sweet tooth.
People who drink a lot of sugary drinks have a higher risk of developing cancer, although the evidence cannot establish a direct causal link, researchers have said.
On supermarket shelves, restaurant menus and in many homes, there has been an increasing shift towards healthier food options.
Singapore-based Agrocorp International PTE Ltd has got the nod to supply 50,000 tonnes of refined sugar to the Bangladesh government.
Consumers are paying more for some essentials such as chickpea, sugar, garlic and khesari pulse as their prices have gone up on the eve of Ramadan, which starts today.
Scientists identify two complex organic molecules, or building blocks of life, on a comet for the first time, shedding new light on the cosmic origins of planets like Earth.
A committee of scientific experts is calling on the government to halve the recommended daily intake of sugar.
