Bangladesh Trade and Tariffs Commission has sent a proposal to the Ministry of Commerce to determine the new price of sugar in the market.
The authorities have proposed to increase the price of loose sugar from Tk 16 to Tk 120 per kg while that of packaged sugar from Tk 16 to Tk 125.
Meanwhile, spot checks in Caravan Bazar and Moghbazar areas of Dhaka revealed that loose sugar is being sold at Rs 140 per kg, while packet sugar is not available in the market.
According to the Trading Corporation of Bangladesh (TCB), sugar is being sold at 130 to 140 taka per kg in the markets of the capital.