Importers bring in raw sugar and refine it within the country. Though the import cost can be verified, whatever they say about the mill cost has to be accepted without debate in that matter.
To keep the Chinese market stable, the Commerce Secretary held a meeting at the Secretariat on Thursday.
Bangladesh Bank, National Board of Revenue (NBR), Ministry of Industry, BTTC, Special Branch of Bangladesh Police, Criminal Investigation Department, National Security Intelligence as well as members of the association were present there.
It is not important how many representatives of how many agencies participate in such meetings, the important issue is what benefit can be derived from that meeting. Sugar market cannot be controlled only by holding meetings, regular monitoring will also have to be strengthened.
Importers have complained that the dollar crunch is causing delays in offloading goods at the port, which should be looked into. Also, initiative has to be taken in this regard.
Whether there are logical reasons behind the sugar issue or is it a strategy, that too needs to be explored.