Breaking News
November 13, 2019 - . Khorshed Anowar, Head of Retail and SME Banking of Eastern Bank Limited (EBL) and Azharul Islam, CEO of Ace Autos Limited, exchanging documents after signing a MoU to established a platform to enhance the quality of auto loan service by sharing best value offerings for customers at the bank’s head office in the city recently. Senior officials from both the organizations were also present.
November 13, 2019 - Md Golam Faruque, Managing Director of South Bangla Agriculture and Commerce Bank, inaugurating ‘Rupatoli Banking Booth’ at Barishal City on Thursday. SEVP Md Altaf Hossain, Head of Digital Financial Inclusion Division Mohammad Shafiul Azam, local businessman Bijoy Krishno Dey, Global University Trustee Board Chairman Sayeda Arjuman Banu Nargis, Barishal Branch Manager Sayed Hafij Ahmed, among others, were present.
November 13, 2019 - PM orders railway alertness to prevent train crash recurrences
November 13, 2019 - Adil Raihan, Deputy Managing Director of Mercantile Bank Limited and Md Golam Kibria, Managing Director and CEO of Rupali Life Insurance, exchanging document after signing an agreement the banks head office in the city recently. As per the deal, the bank will facilitate the collection of life insurance premium from Rupali Life customers through Real Time Online Banking System, Mobile Financial Services `MyCash’, Agent Banking and other delivery channels.
November 13, 2019 - Dr. Anwar Hossain Khan, MP of Laxmipur-1 constituency, inaugurating the 76th branch of South Bangla Agriculture & Commerce (SBAC) Bank Limited at Ramganj in Lakshmipur on Monday as chief guest. Md. Golam Faruque, CEO of the bank and local elites were also present.
November 13, 2019 - NRB Bank’s Chairman honoured with CIP status
November 13, 2019 - Md. Monzur Mofiz, AMD of ONE Bank Limited, inaugurating its Banking Booth at Basundia crossing at Jashore sadar recently. High officials of the bank, Rezaul Islam Khan Russel, local Union Parishad Chairman and elites were also present.
November 13, 2019 - Govt plans 12pc power from renewable sources: Nasrul
November 13, 2019 - 12 convicts in Nusrat murder case shifted to Cumilla central jail
November 13, 2019 - Parliamentary diplomacy can resolve global problems: Speaker
November 6, 2019 - Tajul seeks Japanese assistance for rural development
November 6, 2019 - 3 Japanese firms take part in tender for Bangabandhu Rail Bridge
October 29, 2019 - Tk 6,014 cr project taken for Mongla Port modernization
October 29, 2019 - Biman starts Dhaka-Madina direct flight
October 28, 2019 - Casino equipments seized from Aziz Bhai’s house, two held
October 28, 2019 - Law and order situation remain stable in city: DMP commissioner
October 28, 2019 - ICSB Council Meets BSEC Chairman
October 27, 2019 - FBCCI seeks nanotechnology support from New York State senators
October 27, 2019 - Hasan for instilling patriotism, human values into students
October 27, 2019 - Councilors to bear responsibility for misdeed: Atiqul
October 27, 2019 - Corrupt people are under surveillance: Quader
October 22, 2019 - FDI increases by 50.73 percent in FY 2018-19
October 22, 2019 - ACC files cases against Shamim and Khaled
October 14, 2019 - Agriculture now occupation of elites: Razzaque
October 14, 2019 - Khandker Anwarul Islam made new cabinet secretary
October 7, 2019 - PM returns home
October 7, 2019 - 97pc people satisfied with anti-casino drive: survey
October 7, 2019 - Parliament Members Club greets Dr Shirin on her 53rd birthday
October 7, 2019 - ICSB Council elected ncw President
October 5, 2019 - RAB working as assisting force in ongoing anti-graft operation: Benazir

Sugar, edible oil refiners under intelligence watch

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.

About author

AWARD

Reflection Team

বাংলা

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

স্যান্ডউইচের দামে দেহ বিক্রি করছেন গ্রিক নারীরা!

ভেঙে পড়ছে গ্রিসের অর্থনীতি। দুই মেয়াদে ক্ষমতায় এসেও সিপ্রাস সরকার চিত্রটা পাল্টাতে পারেনি। দিন দিন বাড়ছে বেকারত্ব। গোটা দেশটার আর্থ-সামাজিক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/