Bangladesh Sugar and Food Industries Corporation
| Formation | 1 July 1976 |
|---|---|
| Headquarters | $ 96 million (2019) |
| Website | bsfic |
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 than 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
References
- ^ "Govt to export 50,000 tonnes of surplus sugar". The Daily Star. 16 January 2013. Retrieved 6 October 2016.
- ^ "Sugar Industry". Banglapedia. Retrieved 6 October 2016.
- ^ "Sugar consumption on the rise". The Daily Star. 11 August 2016. Retrieved 6 October 2016.
- ^ "Bangladesh Sugar & Food Industries Corporation". bsfic.gov.bd. Retrieved 24 January 2023.
- ^ "Bangladesh Sugar & Food Industries Corporation". Bangladesh Sugar and Food Industries Corporation. Retrieved 6 October 2016.
- ^ "Sugar prices rise". The Daily Star. 20 December 2015. Retrieved 6 October 2016.
- ^ "Bangladesh raises duty on sugar imports". Reuters India. Retrieved 6 October 2016.
- ^ Parvez, Sohel (1 July 2012). "Dealers not buying sugar from govt agency". The Daily Star. Retrieved 6 October 2016.
- ^ "Sugar imports become costlier". The Daily Star. 27 August 2015. Retrieved 6 October 2016.
- ^ "Sugar mills stuck in huge losses". The Daily Star. 29 August 2014. Retrieved 6 October 2016.
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