The refiners are going to raise sugar prices by Tk 5 per kg from February 1.
As per the new price rate, the loose sugar will be sold at Tk 107 per kg and packaged sugar will be retailed at Tk 112 per kg.
Earlier, the government fixed the prices of loose and packaged sugar at Tk 102 and Tk 108 per kg respectively.
The Bangladesh Sugar Refiners Association said they took the decision after taking into account the price of sugar in the international market, the dollar exchange rate as well as the production costs of local refining mills.
The association also discussed the matter with the commerce ministry and the Bangladesh Trade and Tariff Commission before taking the decision, it said in a press release today.