- Alam Group has imported about 3 lac, 24 thousand, and 500 metric tons of sugar in 2023 alone, the market value of which is about USD 16 crore, 10 lac, and 53 thousand, or more than tk 1,772 crore, a press release said on Tuesday.
The annual production capacity of Bangladesh Sugar and Food Industries Corporation (BSFIC) is only about 1 lac 32 thousand and 380 tons. However, the company has been able to produce only about 16 percent of the production capacity, or 21 thousand 313 metric tons of sugar in the current season, which is less than one and a half percent of the total demand.
Besides, S. Alam Group imported about 3 lac 65 thousand metric tons of sugar in 2022, with a market value of about USD 17 crore 54 lac, or more than tk 1,931 crore. The company also imported 3 lac 67 thousand metric tons of sugar in 2021. In the past three years, S. Alam Group’s sugar import amount has been more than 10 lac, 56 thousand, and 500 metric tons, whose financial market value is about USD 51 crore, 20 lac, or more than tk 5,635 crore. Currently, S. Alam Group meets 35 percent of the import demand in the domestic sugar market, which the company plans to increase to 40 percent in the future.
