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]

Bangladesh Sugar and Food Industries Corporation
বাংলাদেশ চিনি ও খাদ্য শিল্প করপোরেশন
Formation1 July 1976
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Websitewww.bsfic.gov.bd

History

Bangladesh Sugar and Food Industries Corporation was established on 1 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 to export sugar to Europe.[7] Private dealers in 2012 were not taking orders from the corporation as it was selling to 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]

Notable companies

References
  1. "Govt to export 50,000 tonnes of surplus sugar". 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". 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". The Daily Star. 4 September 2016. 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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