Dhaka, Bangladesh (BBN) - The government will import 0.1 million tones of sugar from Brazil through state-to-state agreement aiming to keep the local market stable during the month of Holy Ramadan, officials said.
A high-profile delegation headed by Industries Minister Dilip Barua will go to Brazil this week to explore the possibility of importing sugar through state-to-state agreement.
The Ministry of Industries earlier requested the Ambassador of Brazil in Bangladesh to take necessary measures to export sugar through state-to-state agreement.
Brazil is the largest sugar producing country in the world and it is possible to utilize the Brazilian experience in local state-owned sugar mills for raising sugar production and its recovery rate, they added.
Bangladesh’s annual demand for sugar is around 1.3 million tones, of which the state-owned sugar mills can supply around 0.12 million tones. A substantial portion of the demand is met through import.
BBN/SSR/AD-02Mar12-2:40 pm (BST)
