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The Financial Express

TCB to raise sugar, lentil prices each by Tk 5 per kg


TCB to raise sugar, lentil prices each by Tk 5 per kg

Amid the price spiral of some key essential items, the Trading Corporation of Bangladesh (TCB) is set to raise sugar and lentil prices again by Tk 5.0 per kg each, under its drive to sell essential goods to around 10 million card-holder families.

The state-run entity has fixed the prices of sugar and lentil, respectively, at Tk 60 and Tk 70 per kg, up from Tk 55 and Tk 65 per kg, in order to lessen the burden on the government

subsidy, said sources. The agency has now requested the commerce ministry to approve the hike. It increased the prices of sugar, lentil and edible oil several times earlier this year.

The new prices will be made effective for the next TCB drive starting on December 12 next. The upcoming drive is expected to sell some key essential items like edible oil, onion, sugar and lentil at subsidised rates to the low-income families.

The initiative has been taken to keep prices of essentials within the buying capacity of common people, according to a press statement.

In the next drive, soybean oil will be sold at Tk 110 per litre, while sugar at Tk 60 per kg, lentil at Tk 70per kg and onion Tk 20 a kg.

A consumer can buy a maximum of two kgs of sugar, two kgs of lentil, and two litres of soybean oil from the programme.

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