In a recent letter to the Commerce Ministry, the Bangladesh Sugar Refiners Association (BSRA) submitted a set of proposals with a request to take necessary steps to keep the price of sweetener stable in the domestic market. The proposals were against the backdrop of a recent surge in domestic sugar prices and a supply shortage of the commodity in the local markets in Bangladesh.
Fall In Imports Have Led To Surge In Prices Of Wheat Flour In The Domestic Market Of Bangladesh
Located in South Asia, Bangladesh is struggling to meet its domestic needs for wheat flour. Wheat is the second most consumed cereal after rice in Bangladesh and the sky-high cost of the staple is raising fresh troubles for domestic consumers who are already having a tough time making ends meet.
Located in South Asia, Bangladesh today relies heavily on wheat imports from India for its domestic requirements. Bangladesh’s reliance on India for wheat can be clearly seen from the fact that it Imported wheat worth 1031.42 USD millions from India in the financial year 2021 itself.