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] It is under the Ministry of Industries.[4]

Bangladesh Sugar and Food Industries Corporation
বাংলাদেশ চিনি ও খাদ্য শিল্প করপোরেশন
Formation1 July 1976
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Revenue
Decrease $ - 96 million (2019)
Websitebsfic.gov.bd

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

  1. ^ "Govt to export 50,000 tonnes of surplus sugar". The Daily Star. 16 January 2013. Retrieved 6 October 2016.
  2. ^ "Sugar Industry". 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 24 January 2023.
  5. ^ "Bangladesh Sugar & Food Industries Corporation". Bangladesh Sugar and Food Industries Corporation. Retrieved 6 October 2016.
  6. ^ "Good days ahead for sugarcane growers". The Daily Star. 4 September 2016. Retrieved 6 October 2016.
  7. ^ "Sugar prices rise". The Daily Star. 20 December 2015. Retrieved 6 October 2016.
  8. ^ "Bangladesh raises duty on sugar imports". Reuters India. Retrieved 6 October 2016.
  9. ^ Parvez, Sohel (1 July 2012). "Dealers not buying sugar from govt agency". The Daily Star. Retrieved 6 October 2016.
  10. ^ "Sugar imports become costlier". The Daily Star. 27 August 2015. Retrieved 6 October 2016.
  11. ^ "Sugar mills stuck in huge losses". The Daily Star. 29 August 2014. Retrieved 6 October 2016.