Sugar prices to be stable soon, says Commerce Minister

Sugar production will rise and prices come down soon as necessary measures, including increasing gas supply, have been taken,  said Commerce Minister Tipu Munshi on Thursday.

Sugar production has decreased slightly due to low pressure in gas supply, said the minister at a meeting of the taskforce on reviewing commodity prices and market condition at the Secretariat.

“However, there is sufficient sugar in our stock,” he added.

The government has taken all kinds of steps to keep the supply of essential commodities stable, Tipu said, adding there no risk of commodity crisis currently in the country.

“Five crore low-income people of the country are being provided with oil, lentils, and sugar every month at affordable prices through one crore cards at the instruction of Prime Minister Sheikh Hasina, said the minister adding, a large number of the people of the country are benefiting from this.

Strict monitoring is continuing to keep the supply, stock and prices of the country's daily necessities stable, he added.