Govt plans 0.1 m t buffer stock of sugar

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The government is set to have a buffer stock of 100,000 tonnes of sugar through domestic and international procurement to meet additional demand and keep its price stable during the holy month of Ramadan. This time the state-owned Bangladesh Sugar and Food Industries Corporation (BSFIC) has been given the responsibility to see to it that sugar price remains stable and the market free from artificial crisis during the Muslim month of fasting. Besides, the corporation would procure another 10,000 tonnes of sugar locally, he said. "We've already floated tender for procuring sugar from local market. It'll be opened on July 19." — UNB