Bangladesh Sugar and Food Industries Corporation
# Bangladesh Sugar and Food Industries Corporation

Bangladesh Sugar and Food Industries Corporation(BSFIC), is a government owned corporation in Bangladesh that is charge of sugar production. It is under the Ministry of Industries.

## History

Bangladesh Sugar and Food Industries Corporation was established on 1 July 1976. The Corporation was in charge of 15 state run sugar mills of the country in 2015. It tried to export sugar to Europe.

In 2012 Private dealers didn't take order from the Corporation, as it offered a higher price then the market. It has lobbied for more tariffs on imports to increase sales and reduce its stockpile of sugar.

In 2014, BSFIC started selling sugar at 40 taka per kg, which was half of the production cost.

