TCB increased the price of sugar, traders also did the same

TCB increased the price of sugar, traders also did the same

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This also affected the wholesale markets of Dhaka as the price there increased by 50 to 100 taka per bag (50 kg) on ​​Wednesday. Each bag is now selling at 6,600 to 6,700 taka, with relatively no impact seen on retail prices yet.

Market insiders said that even though there was a fire in the warehouse, there is no major sugar crisis in the market. The price was on the decline. Now, a section of unscrupulous traders are taking advantage of this situation and conspiring to drive up the price. They are trying to take advantage of the increased demand during Ramadan.

Golam Rahman, general secretary of Bangladesh Sugar Refiners Association, said that it is the social reality here that whenever an accident happens, there are attempts to take advantage.

“There is sufficient stock of sugar in the remaining factories, imports are also continuing. Therefore, there will be no shortage of sugar in the market,” he assured.

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