Bangladesh Sugar and Food Industries Corporation or 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]
| Formation | 1 July 1976 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
Revenue |  $ - 96 million (2019) |
| Website | bsfic |
HistoryEdit
Bangladesh Sugar and Food Industries Corporation was established on 1 July 1976.[5] AKM Delwar Hossain is the present chairman of the corporation.[6] Bangladesh Sugar and Food Industries Corporation is in charge of 15 state run sugar mills in Bangladesh.[7] It has been trying to export sugar to Europe.[8]
Private dealers in 2012, were not taking orders from the Bangladesh Sugar and Food Industries Corporation as it was selling to them at higher price then the market rate.[9] It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar.[10]
In 2014, the Bangladesh Sugar and Food Industries Corporation started selling sugar at 40 taka per kg which is half the production cost.[11]
Notable companiesEdit
ReferencesEdit
- ^ "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.
- ^ "Good days ahead for sugarcane growers". The Daily Star. 4 September 2016. 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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