Fire at sugar warehouse will not affect the market: S Alam group

The authorities of S Alam Group of Industries assured that the market will remain unaffected during Ramadan despite the damage to the 100,000 tonnes of raw sugar during a fire at a warehouse owned by the conglomerate in Chattogram.

S Alam Group General Manager (Commercial) Md Akther Hasan said: "The fire erupted on Monday afternoon, but it is still not extinguished. Everyone is trying to put it out. The company has yet to determine the cause and the extent of the damage."

"But, we can ensure that it won’t affect the market as the firm still has a good stock of refined sugar for up to 15 days," he added.

He said: "Only one of our five warehouses was burnt. It will not affect the market. Bangladesh needs 100,000 tonnes of sugar during Ramadan and we have more sugar than that."

“The company stored 25,000 tonnes of refined sugar as finished goods for supply. The delivery of the staple has been disrupted since Monday due to the fire, but it is expected to resume shortly.”