RN Desk:Everyone entering Dhaka University premises on February 21 to observe International Mother Language Day will have to wear masks….
Staff Correspondent: Refiners and traders Friday blamed each other for the sudden scarcity of sugar supplies in local markets, which was created-following the fixation of its maximum selling prices by the government.
The government at a meeting with the refiners and traders on July 20 fixed the maximum retail price of sugar at Tk 65 per kg.
The meeting also fixed the maximum retail price of soyabean oil at Tk 109 per litre and palm oil at Tk 99 per litre.
After the fixation of the prices, most of the retailers had stopped selling sugar as they were to buy the item higher than the government-fixed rate from the wholesalers.
A visit to some city markets revealed that the supply of sugar had almost ‘run out’ from the markets on Friday.
Although a small number of retailers were seen to sell the item, its prices were much higher than the government’s fixed rate. The prices in the retail markets ranging between Tk 70 and Tk 75 per kg on the day.
Retailers, however, claimed that they were to buy sugar from the wholesalers at a higher price than the government-fixed rate. So, they stopped selling item to avert losses.
“I am not selling sugar because I have to incur loss -es if I follow the government-fixed price,” a retailer at Kawran Bazar told the FE, preferring anonymity.
He also said despite having their stocks, some of the traders at the same market also stopped selling sugar after the fixation of its rate by the government.
Md Gholam Mawla, joint secretary of Moulovi Bazar Babosayi Samity alleged that the wholesalers were not getting the required volumes of sugar from the refiners/millers in time.
While talking to the FE, Chairman of Meghna Group, a local sugar refiner, Mostafa Kamal ruled out the case any supply scarcity of the item in the market.
“There is no supply shortage of sugar in the market as both the refiners and the government have sufficient stocks to cope with the domestic requirement, specially during the month of Ramadan,” he said adding his refinery would resume refining sugar within a week, production of which remained shut for several weeks.
To meet the increased demand for sugar during Ramadan, TCB has decided to sell 30,000 tonnes of sugar, 25,000 tonnes edible of oil, 2000 tonnes of chickpeas and 1,000 tonnes of dates.
Bangladesh depends much on imported sugar to meet its annual demand of 1.4 million tonnes, of which the state-owned sugar mills can supply around 0.12 million tonnes.
Private sugar refineries are the major suppliers of sugar in the local market.
On the other hand, the prices of loose edible oil were selling at Tk 109-110 per litre while the bottled one was selling at a significantly higher level than the government’s fixed rate, at Tk 120 per litre.
Institute of Chartered Secretaries of Bangladesh (ICSB) organized its 7th ICSB National Award for Corporate Governance Excellence, 2019 on Saturday,…
The surplus liquidity in the banking system might fuel inflationary pressure in the country in the near future, the Bangladesh…
RN Desk: Eastern Bank Limited(EBL) has formally launched instant digital customer onboarding solution EBL INSTA BANKING on January 14, 2021….
RN Desk:Impress Capital Limited (ICL) has appointed Arastoo Khan as its new Managing Director and Chief Executive Officer (CEO) recently….
Anvir has accorded ‘Best Excellence Award 2021’ for his outstanding contribution to the advancement of the country’s trade and commerce….
Paperfly, Bangladesh’s largest home delivery service network on Tuesday announced a majority investment of close to 100 crores by Ecom…
Standard Bank Limited has appointed Ashok Kumar Saha as the Vice-Chairman of the Board of Directors recently. Ashok Kumar, a…
-Md Sajib Miah The structure divulges how English languages as well as the word England evaluated by the passage of…
The Association of Bankers, Bangladesh or ABB has made Selim RF Hussain, MD and CEO of BRAC Bank Ltd, its…
International United Kingdom International news Life-saving drugs have been found in the treatment of corona: BBC— June 16, 2020
Dexamethasone. Scientists say the drug is capable of saving the lives of critically ill patients with coronary heart disease. Dexamethasone…
ব্রিটিশ বহুজাতিক তামাক কম্পানি ব্রিটিশ আমেরিকান টোবাকো (বিএটি) করোনার ভ্যাকসিন তৈরির ঘোষণা দিয়েছে। আগামী জুন মাসের মধ্যেই তারা ভ্যাকসিন তৈরি…
চীনের পররাষ্ট্রমন্ত্রী ওয়াং ঝি বলেছেন, এটা প্রথম ঘটনা যে-কোভিড-১৯ এ নিশ্চিত আক্রান্তের সংখ্যা থেকে সুস্থ হওয়া রোগীর সংখ্যা দিন দিন…
আজ ১০ জানুয়ারি, জাতির পিতা বঙ্গবন্ধু শেখ মুজিবুর রহমানের স্বদেশ প্রত্যাবর্তন দিবস। পাকিস্তানের বন্দীদশা থেকে মুক্তি পেয়ে ১৯৭২ সালের এদিন…
বাগদাদ, ৪ জানুয়ারি, ২০২০ : ইরাকে ইরানপন্থী যোদ্ধাদের ওপর শনিবার নতুন করে বিমান হামলা চালানো হয়েছে। আমেরিকার এক ড্রোন হামলায়…
Views & Exclusive Interviews— January 5, 2021
Climate change impacts the planet through higher temperatures, an increase of extreme weather events, changing precipitation patterns, rising sea levels,…— December 11, 2020
RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…— December 11, 2020
The long-awaited Padma Multipurpose Bridge has become fully visible with the installation of its last span, making it a momentous…— March 10, 2017
Women still prefer to keep themselves in their own boundary, but now is the time for women to show their capability…— November 30, 2016
Mahmudul Hoque Khan Dulal: Moumita Hoque Shenjutee took part in a competition first of her life and secured the first…
Entertainment— January 23, 2021
National Film Award winner actress Zakia Bari Mamo-starrer movie “Agamikal” is scheduled to be released in March. Producer of the…— December 22, 2020
RN Desk;In our country feminist story dramas are usually made very rarely. The producers dare not make too much interest…— December 11, 2020
RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…— September 10, 2020
RN Desk:Drama actor and director Tauquir Ahmed made a serial drama, after five years. Its name is ‘RupaliJosnay’. Besides directing,…— January 4, 2020
নড়াইল, ৪ জানুয়ারি,২০১৯ : বিশ্ববরেণ্য চিত্রশিল্পী এসএম সুলতানের ৯৫তম জন্মবার্ষিকী উপলক্ষে আগামি ১৫ জানুয়ারি থেকে নড়াইল সরকারি ভিক্টোরিয়া কলেজ মাঠের…
Literature— January 8, 2021
-Md Sajib Miah The structure divulges how English languages as well as the word England evaluated by the passage of…— December 30, 2020
RN Report:Students in Bangladesh got automatically promoted to the next classes in 1971 when the country fought a bloody Liberation…— December 30, 2020
Mizanur Rahman runs Memory Preparatory School on two rented floors of a building in Dhaka’s West Rampura. The coronavirus-induced shutdown…— December 30, 2020
Kamrun Nahar, principal of Duaripara Government High School, has been appointed as the new principal on deputation RN Report:The Ministry…— December 30, 2020
The commission also proposed uniform admission tests in private universities under a cluster system RN Desk:The University Grants Commission (UGC)…
Sports News— February 7, 2020
আগামীকাল থেকে রাওয়ালপিন্ডিতে শুরু হচ্ছে বাংলাদেশ ও পাকিস্তানের মধ্যকার দুই ম্যাচ সিরিজের প্রথম টেস্ট। তার আগে নিজ বাসভবনে আজ বিকেলে…— January 10, 2020
ল্যান্ড বিশ্বকাপ থেকেই ইনজুরিতে ভুগছিলেন বাংলাদেশের তরুণ ক্রিকেটার মোহাম্মদ সাইফউদ্দিন। ৯ বছর আগে পাওয়া চোট আবার ফিরে আসে তার। তা…— January 9, 2020
বঙ্গবন্ধু বাংলাদেশ প্রিমিয়ার লিগ (বিপিএল) টি-২০ ক্রিকেট টুর্নামেন্টের ৩৯তম ম্যাচে আগামীকাল মুখোমুখি হবে ঢাকা প্লাটুন ও রংপুর রেঞ্জার্স। ডাবল লিগ…— January 4, 2020
SYDNEY, Jan 4, 2020 – Marnus Labuschagne reached a double century to inflict more pain on New Zealand in the…— January 4, 2020
বঙ্গবন্ধু বিপিএলে বেশির ভাগ ম্যাচ হচ্ছে একপেশে। রোমাঞ্চকর ম্যাচ কম হলেও জমে উঠেছে পয়েন্ট তালিকার হিসাব। আজ স্বাগতিক সিলেটকে ৩৮…
অনলাইন জরিপLoading ...
100 Illustrious & Leading Business Personalities
Md. Mahmudul Hoque Khan Dulal is a journalist by profession. He is also the General Secretary of Bangladesh Business Journalist…
Prof. Dr. Muhammad Yunus, an internationally renowned personality was born in 28th June’1940 in the village of Bathua, in Hathazari,…
Dr. Kamal Hossain, a well known personality was born on 20 April, 1937. He has been a reputed lawyer both…
Commerce Minister Born in 1923 and educated at the Universities of Dhaka, Minnesota and Southern California, Kabir Chowdhury is a…
Barrister Rafique-ul-Huq, aged 75, is the Chairman of the Board of Directors of Hajj Finance Company Limited. He holds MA…
Barrister Rokanuddin Mahmud is one of the foremost personalities in the legal community of Bangladesh. Born on 14 July 1946…
Bangladesh is moving forward gradually towards industrialization and tries her best in a bid to make a position among industrialized…