Lowering food price

Bangladesh Govt. is trying to lower the food price in Bangladesh . This is a new effort to reduce sugar price.

The government cut down the price of sugar at dealer level by Tk 3,000 per tonne for nine days “in public interest”.

In an official announcement yesterday, the government said the cut price would also apply to distribution under the quota system.

According to the reset rate, the ex-mill price of sugar will be Tk 30,000 coming down from the present price of Tk 33,000 a tonne.

“The new price will remain effective for nine days from January 28,” it said.

The decision was taken in a meeting chaired by Industries Minister Dilip Barua.

As the cut-down price will now come down to Tk 30 per kg at dealer level, the government hoped that the measure would also help reduce sugar prices at consumer level.