TCB increases sugar price by Tk30 per kg

The Trading Corporation of Bangladesh (TCB) has announced an increase in the price of subsidised sugar by Tk 30 per kg, bringing the new price to Tk 100 per kg. TCB announced the increase in sugar prices in a press release on Wednesday.

The increase rate means that the 10 million TCB-card holder families will now buy sugar at a price of Tk100 per kg, up from the earlier price of Tk70 per kg.

The price of sugar in the country is high due to the increase in the value of the dollar, increased prices in the international market, and reduced supply. 

Sugar is selling between Tk140-150 per kg in the open market.