Bangladesh Govt withdraws decision to hike sugar price considering public suffering

Published 2024년 2월 22일

Tridge summary

The Bangladesh government has backtracked on its decision to raise the price of sugar to Tk160 per kg following public backlash. The Bangladesh Sugar and Food Industry Corporation (BSFIC) had earlier announced a Tk20 per kg increase in the maximum retail price of sugar produced by state-owned mills, a decision influenced by international and domestic market prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The government has stepped back from its decision to hike the sugar price to Tk160 considering the sufferings of the public. "The decision has been withdrawn considering public suffering," the industries ministry said in a press statement on Thursday (22 February) night. Earlier on the day, the Bangladesh Sugar and Food Industry Corporation (BSFIC) under the industries ministry issued a notice stating that the maximum retail price of the state-owned mills producing sugar has been set at Tk160 per kg, an ...
Source: TBS

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