Bangladesh Sugar and Food Industries Corporation

Bangladesh Sugar and Food Industries Corporation or BSFIC, is a government owned corporation in Bangladesh that is charge of sugar production. It was founded on 1st July 1976. AKM Delwar Hossain is the present chairman of the corporation. It is in charge of 15 state run sugar mills in Bangladesh. The agency has been trying export sugar to Europe. Private dealers in 2012 were not taking orders from the corporation as it was selling them at higher price then the market rate. It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar. In 2014 the corporation started selling sugar at 40 taka per kg which is half the production cost.