| Formation | 1 July 1976 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
| Revenue |  $ 96 million (2019) |
| Website | bsfic |
Bangladesh Sugar and Food Industries Corporation(BSFIC), [1] is a government owned corporation in Bangladesh that is charge of sugar production. [2] [3] It is under the Ministry of Industries. [4]
Bangladesh Sugar and Food Industries Corporation was established on 1 July 1976. [5] The Corporation was in charge of 15 state run sugar mills of the country in 2015. [6] It tried to export sugar to Europe. [7]
In 2012 Private dealers didn't take order from the Corporation, as it offered a higher price than the market. [8] It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar. [9]
In 2014, BSFIC started selling sugar at 40 taka per kg, which was half of the production cost. [10]
About 16 sugar mills were nationalised following the independence of Bangladesh and later they became subsidiaries of the Industrial enterprise placed under Bangladesh Sugar Mills Corporation. [11] The list is given below:
The economy of Bangladesh is a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is one of the fastest growing economies in the world.
Chuadanga, is a district of the western Khulna Division of Bangladesh. It is bordered by the Indian state of West Bengal to the west, Meherpur District to the northwest, Jessore District to the south, Jhenaidah District to the east, and Kushtia District to the north. Before partition Chuadanga was one of the five subdivisions of Nadia district.
Agriculture in Cuba has played an important part in the economy for several hundred years. Today, it contributes less than 10% to the gross domestic product (GDP), but it employs about 20% of the working population. About 30% of the country's land is used for crop cultivation.
Roughly one-third of Iran's total surface area is suitable for farmland, but because of poor soil and a lack of adequate water distribution in many areas, most of it is not under cultivation. Only 12% of the total land area is under cultivation but less than one-third of the cultivated area is irrigated; the rest is devoted to dryland farming. Some 92 percent of agricultural products depend on water. The western and northwestern portions of the country have the most fertile soils. Iran's food security index stands at around 96 percent.
The textile and clothing industries provide a single source of growth in Bangladesh's rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. By 2002 exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports. Emerging as the world's second-largest exporter of ready-made garment (RMG) products, Bangladesh significantly bolstered employment within the manufacturing sector.
Agriculture is the largest employment sector in Bangladesh, making up 14.2 percent of Bangladesh's GDP in 2017 and employing about 42.7 percent of the workforce. The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development, food security, and other economic and social forces. A plurality of Bangladeshis earn their living from agriculture. Due to a number of factors, Bangladesh's labour-intensive agriculture has achieved steady increases in food grain production despite the often unfavorable weather conditions. These include better flood control and irrigation, a generally more efficient use of fertilisers, as well as the establishment of better distribution and rural credit networks.
Trade is a key factor of the economy of China. In the three decades following the dump of the Communist Chinese state in 1949, China's trade institutions at first developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a sharp acceleration in commodity flows and greatly improved efficiency in economic transactions. In the ensuing years economic reforms were adopted by the government to develop a socialist market economy. This type of economy combined central planning with market mechanisms. The changes resulted in the decentralization and expansion of domestic and foreign trade institutions, as well as a greatly enlarged role for free market in the distribution of goods, and a prominent role for foreign trade and investment in economic development.
Uganda's favorable soil conditions and climate have contributed to the country's agricultural success. Most areas of Uganda have usually received plenty of rain. In some years, small areas of the southeast and southwest have averaged more than 150 millimeters per month. In the north, there is often a short dry season in December and January. Temperatures vary only a few degrees above or below 20 °C but are moderated by differences in altitude.
Bashundhara Group is a Bangladeshi conglomerate. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). It presently owns more than 50 major concerns throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year. In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.
Meghna Group of Industries (MGI) is a Bangladeshi industrial conglomerate. It has business interests in chemicals, cement, consumer products, real estate, insurance, securities, and utilities, among others.
As of 2023, the Philippines produced 1,850,000 metric tons of sugar, ranking 17th in the world according to sugar production. In 2005, the Philippines was the ninth largest sugar producer in the world and second largest sugar producer among the Association of Southeast Asian Nations (ASEAN) countries, after Thailand, according to Food and Agriculture Organization. At least seventeen provinces of the Philippines have grown sugarcane, of which the two on Negros Island account for half of the nation's total production, and sugar is one of the Philippines' most important agricultural exports. In crop year 2009–2010, 29 sugar mills are operational, divided as follows: thirteen mills on Negros, six mills on Luzon, four mills on Panay, three mills in Eastern Visayas and three mills on Mindanao. As of crop year 2023–2024, 25 mills are operational. Of 25 sugar mills, 11 have their own sugar refineries. Among the major island groups, Visayas has the most number of operational mills with 17, 13 of which are from Negros Island alone.
The Shahjalal Fertiliser Factory is one of the biggest fertiliser factories in Bangladesh. It is situated at NGFF, Fenchuganj Upazila in Sylhet. The project was inaugurated by Bangladeshi Ex. prime minister Sheikh Hasina.
Bangladesh Textile Mills Corporation, or BTMC, is a public corporation that owns and manages all government textile mills in Bangladesh and is located in Dhaka. It manages 18 government owned textile factories.
Bangladesh Sugarcrop Research Institute or BSRI, is an autonomous national research institute that carries out research on sugarcane and other related plants. It is located in Ishwardi Upazila, Pabna, Bangladesh. It falls under the Ministry of Agriculture.
Uganda is the largest producer of granular brown sugar in the East African Community, accounting for about 500,000 metric tonnes annually as of May 2017. By 2021, national annual sugar output had increased to about 600,000 metric tonnes of brown sugar and 60,000 metric tonnes of industrial sugar. In October 2022, it was projected that the country would produce 822,000 metric tonnes in calendar year 2022. Of that, about 720,000 metric tonnes would be brown table sugar and about 102,000 metric tonnes would be white industrial sugar.
The jute industry is a historically and culturally important industry in Bangladesh dating back to during the growth of the East India Company in the Indian subcontinent. Despite once being one of the country's biggest industries and major export items, the jute industry has declined since the 1970s. Exports have fallen as other countries grow jute independently, decreasing the demand for jute to be exported, and other products like plastics and hemp find more widespread use.
Deshbandhu Group is a Bangladeshi diversified conglomerate based in Dhaka. Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group. It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.
Mobarakganj Sugar Mill Limited is the only heavy industrial enterprise in the southern region of Bangladesh Jhenaidah District. It is one of the main sugar mills in Bangladesh.
North Bengal Sugar Mills is a Bangladeshi state owned sugar mill corporation located in Sadar Gopalpur, Lalpur Upazila, Natore District. Md Humayun Kabir is the managing director of the North Bengal Sugar Mills.
Pabna Sugar Mill is a state-owned Sugar mill in Ishwardi Upazila, Pabna District. It is owned by the Bangladesh Sugar and Food Industries Corporation.
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