Refiners proposed to raise the retail price of unpackaged sugar by Tk 5 to Tk 107 per kg about two weeks ago. But the actual price of the sweetener in Dhaka’s markets was already higher than the new rate and now retailers are selling it at Tk 115 per kg.
Traders and refiners have blamed each other for the difference between the fixed and actual rates.
Amirul Islam, a wholesaler at Shah Smrity Market in Mirpur, said he bought Fresh brand sugar from the refiners at Tk 106.6 per kg on Saturday and was selling the consignment at Tk 106.8 per kg.
“The mill owners proposed a new rate to the government and promised to follow it, but they did...