Bangladesh Sugar and Food Industries Corporation
বাংলাদেশ চিনি ও খাদ্য শিল্প কর্পোরেশন
Formation1 July 1976
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Revenue
Decrease $ 96 million (2019)
Websitebsfic.gov.bd

Bangladesh Sugar and Food Industries Corporation(BSFIC),[1] is a government owned corporation in Bangladesh that is charge of sugar production.[2][3] It is under the Ministry of Industries.[4]

History

Bangladesh Sugar and Food Industries Corporation was established on 1 July 1976.[5] The Corporation was in charge of 15 state run sugar mills of the country in 2015.[6] It tried to export sugar to Europe.[7]

In 2012 Private dealers didn't take order from the Corporation, as it offered a higher price then the market.[8] It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar.[9]

In 2014, BSFIC started selling sugar at 40 taka per kg, which was half of the production cost.[10]

References

  1. ↑ "Govt to export 50,000 tonnes of surplus sugar". The Daily Star. 16 January 2013. Retrieved 6 October 2016.
  2. ↑ "Sugar Industry". Banglapedia. Retrieved 6 October 2016.
  3. ↑ "Sugar consumption on the rise". The Daily Star. 11 August 2016. Retrieved 6 October 2016.
  4. ↑ "Bangladesh Sugar & Food Industries Corporation". bsfic.gov.bd. Retrieved 24 January 2023.
  5. ↑ "Bangladesh Sugar & Food Industries Corporation". Bangladesh Sugar and Food Industries Corporation. Retrieved 6 October 2016.
  6. ↑ "Sugar prices rise". The Daily Star. 20 December 2015. Retrieved 6 October 2016.
  7. ↑ "Bangladesh raises duty on sugar imports". Reuters India. Retrieved 6 October 2016.
  8. ↑ Parvez, Sohel (1 July 2012). "Dealers not buying sugar from govt agency". The Daily Star. Retrieved 6 October 2016.
  9. ↑ "Sugar imports become costlier". The Daily Star. 27 August 2015. Retrieved 6 October 2016.
  10. ↑ "Sugar mills stuck in huge losses". The Daily Star. 29 August 2014. Retrieved 6 October 2016.


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