Bangladesh Sugar and Food Industries Corporation explained

Bangladesh Sugar and Food Industries Corporation(BSFIC),^[1] is a government owned corporation in Bangladesh that is charge of sugar production.^{[2] [3]} It is under the Ministry of Industries.^[4]

History

Bangladesh Sugar and Food Industries Corporation was established on 1 July 1976.^[5] The Corporation was in charge of 15 state run sugar mills of the country in 2015.^[6] It tried to export sugar to Europe.^[7]

In 2012 Private dealers didn't take order from the Corporation, as it offered a higher price than the market.^[8] It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar.^[9]

In 2014, BSFIC started selling sugar at 40 taka per kg, which was half of the production cost.^[10]

List of nationalised sugar mills

About 16 sugar mills were nationalised following the independence of Bangladesh and later they became subsidiaries of the Industrial enterprise placed under Bangladesh Sugar Mills Corporation.^[11] The list is given below:

• Faridpur Sugar Mills
• Jaipurhat Sugar Mills
• Kushtia Sugar Mills
• Kaliachapra Sugar Mills
• Mobarakganj Sugar Mills
• National Sugar Mills
• North Bengal Sugar Mills
• Panchagarh Sugar Mills
• Rajshahi Sugar Mills
• Rangpur Sugar Mills
• Shyampur Sugar Mills
• Setabganj Sugar Mills
• Thakurgaon Sugar Mills
• Zeal Bangla Sugar Mills
• Desh Bandhu Sugar Mills
• Faridpur Sugar Mills

Notes and References

1. News: Govt to export 50,000 tonnes of surplus sugar. The Daily Star. 6 October 2016. 16 January 2013.
2. Web site: Sugar Industry. Banglapedia. 6 October 2016.
3. News: Sugar consumption on the rise. The Daily Star. 6 October 2016. 11 August 2016.
4. Web site: Bangladesh Sugar & Food Industries Corporation . 2023-01-24 . bsfic.gov.bd . en.
5. Web site: Bangladesh Sugar & Food Industries Corporation. Bangladesh Sugar and Food Industries Corporation. 6 October 2016.
6. News: Sugar prices rise. The Daily Star. 6 October 2016. 20 December 2015.
7. News: Bangladesh raises duty on sugar imports. Reuters India. 6 October 2016. en-IN.
8. News: Parvez. Sohel. Dealers not buying sugar from govt agency. The Daily Star. 6 October 2016. 1 July 2012.
9. News: Sugar imports become costlier. The Daily Star. 6 October 2016. 27 August 2015.
10. News: Sugar mills stuck in huge losses. The Daily Star. 6 October 2016. 29 August 2014.
11. Web site: Industrial enterprises placed under Bangladesh Jute Industries Corporation.