| 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 then 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]
The economy of Bangladesh is a major developing market economy. As the second-largest economy in South Asia, Bangladesh's economy is the 37th 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.
High-fructose corn syrup (HFCS), also known as glucose–fructose, isoglucose and glucose–fructose syrup, is a sweetener made from corn starch. As in the production of conventional corn syrup, the starch is broken down into glucose by enzymes. To make HFCS, the corn syrup is further processed by D-xylose isomerase to convert some of its glucose into fructose. HFCS was first marketed in the early 1970s by the Clinton Corn Processing Company, together with the Japanese Agency of Industrial Science and Technology, where the enzyme was discovered in 1965.
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 suited for farmland, but because of poor soil and 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.
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.
The Gold (Control) Act, 1968 is a repealed Act of the Parliament of India which was enacted to control sale and holding of gold in personal possession. High demand for gold in India with negligible indigenous production results in gold imports, leading to drastic devaluation of the Indian rupee and depletion of foreign exchange reserves to alarming levels. Devaluation of the Indian rupee also leads to steep rises in food commodity prices due to costlier petroleum products imports. In these circumstances, the gold import policy of India aimed at curbing the gold imports to a manageable level time to time by imposing taxes and legal restrictions.
Bashundhara Group is a Bangladeshi conglomerate. It is one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company venture under the name East West Property Development Ltd (EWPD). The first project of EWPD turned out to be very successful. After then, the company grew very quickly. It presently owns more than 50 major concerns located throughout Bangladesh.
As of 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. As of 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.
The T K Group of Industries is a Bangladeshi industrial Conglomerate known for its vegetable oil business. It also has interests in steel, shipbuilding, pulp and paper, plastics, cement, and textiles. The conglomerate is headquartered in Chittagong. The group is one of the top VAT payers in the country.
Bangladesh–Ukraine relations refer to the bilateral relations between Bangladesh and Ukraine. Ukraine recognized Bangladesh's independence on 24 January 1972. Ahmed Akbar Sobhan chairman of Bashundhara Group is the Honorary Consul General of Ukraine in Bangladesh.
Electric rickshaws are small 3-wheeled vehicles powered by an electric motor and battery ranging from 650 Watts to 1400 Watts. They save on fuel costs compared to auto rickshaws while offering greater ease to use than pulled rickshaws. This has led to their popularity and widened acceptance in some cities since 2008.
Bangladesh is an important tea-producing country. It is the 12th largest tea producer in the world. Its tea industry dates back to British rule, when the East India Company initiated the tea trade in the hills of the Sylhet region. In addition to that, tea cultivation was introduced to Greater Chittagong in 1840. Today, the country has 166 commercial tea estates, including many of the world's largest working plantations. The industry accounts for 3% of global tea production, and employs more than 4 million people.
The Shahjalal Fertiliser Factory is the one of the biggest fertiliser factory in Bangladesh. It is situated at NGFF, Fenchuganj Upazila in Sylhet. The project was inaugurated by Bangladeshi prime minister Sheikh Hasina.
The sugar industry subsumes the production, processing and marketing of sugars. Globally, most sugar is extracted from sugar cane and sugar beet.
Bangladesh Chemical Industries Corporation (BCIC) is a government owned corporation in Bangladesh. Shah Md. Imdadul Haque is the chairman of Bangladesh Chemical Industries Corporation.
Joypurhat Sugar Mill is the largest government owned sugar mill factory in Bangladesh. It is located at the north-western Joypurhat district in Rajshahi division. It has the capability of thrashing 14,000 metric tons of sugarcane daily.
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. As of 2018, Bangladesh produces 33 percent of the total worldwide production of jute.
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.
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