Sugar refiners want to set price based on import rates in Bangladesh

Local sugar refiners suggested that its rates for the domestic market ought to be fixed based on the import price and other different components so that no losses were incurred. In a letter, the Bangladesh Sugar Refiners Association made the proposals to the Commerce Ministry and urged necessary steps. They also sought their effective role in price fixation of the essential item. They feared that refiners would face losses financially if the government took LC prices, release price and related components into consideration. It would discourage them from importing sugar, the letter mentioned. The association said the essential items market should move at its own speed to keep the free market economy stable. The government currently fixes the prices of sugar on the basis of international prices, different local components and other aspects in discussion ...