Molasses import thru Hili rises amid sugar mills closure
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
SATURDAY, MAY 28, 2022
SATURDAY, MAY 28, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Molasses import thru Hili rises amid sugar mills closure

Economy

TBS Report
29 January, 2022, 09:45 am
Last modified: 29 January, 2022, 10:22 am

Related News

  • Wheat arrive here from India against old LCs
  • Almost all public sugar mills incurring losses
  • Hili land port: Indian truck drivers enter Bangladesh without Covid test
  • Foreign consortium eyes Tk5,500cr investment in 3 new sugar mills
  • Tk35 crore deficit in revenue collection in Hili land port in 5 months of 2021-22

Molasses import thru Hili rises amid sugar mills closure

TBS Report
29 January, 2022, 09:45 am
Last modified: 29 January, 2022, 10:22 am
Hili land port in Dinajpur. Photo: TBS
Hili land port in Dinajpur. Photo: TBS

Bangladesh used to export molasses to India, but now it has to import the item from the neighbouring country as local production has fallen due to closure of most of the state-owned sugar mills.

Mainly a cattle feed, molasses is also used as an ingredient in poultry and fish feed.

Importer Anwarul Haque said molasses production has halved after half of the country's sugar mills were shut down in 2020-21. On the other hand, its demand has increased rapidly in the last five to six years, especially in the dairy industry.

Whereas the annual demand for molasses is 30,000-35,000 tonnes per year the production capacity is less than 20,000 tonnes in all the sugar mills in the country, he added.

Rafiqul Islam, who came from Pabna to buy molasses at Hili Land Port, said that the supply of molasses to his dairy farm was disrupted. Molasses is not available as per their demand even for a higher price.

Truck driver Al Amin Hossain said he came to Hili to load his truck with molasses on behalf of an importer in Jaypurhat. This molasses will be delivered to dairy firms and feed mills in Rajshahi, Khulna, Barishal, Mymensingh, Jhenaidah, Chuadanga, Pabna, Chattogram, Dhaka, etc.

Indian truck driver Shan Mohammad brought molasses to Hili from the Indian state of Punjab, covering 1,750 kilometres of road. He said it usually takes five to six days to reach Bangladesh.

People concerned said if the closed state-owned sugar mills are re-opened, it will reduce the dependence on imports.

Molasses import from India started in February 2021 through Hili Land Port, and from July to December, more than 12,000 tonnes of molasses was imported through the port, said SM Nurul Alam Khan, revenue officer, Hili Land Customs Station, adding the government earned Tk3.08 crore.

In December last year, 2,203 tonnes of molasses was imported through the land port, which was 1,752 tonnes in November. Tk3,800 is paid as import duty per tonne of molasses, he added.

He further said four to five trucks of molasses are imported a week on average. Each truck carries around 35 tonnes of molasses.

Top News

Molasses / Hili land port / Sugar mills

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Mahbub Ahmed. Illustration: TBS
    Budget should focus more on inflation control than on growth
  • Govt borrows 51% of target thru’ savings certificate sales in 9 months
    Govt borrows 51% of target thru’ savings certificate sales in 9 months
  • Protecting Hatirjheel would require striking a balance between the preservation of its natural beauty, fisheries and ease of communication. PHOTO: Mumit M
    Can the Hatirjheel water taxi service be stopped?

MOST VIEWED

  • British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
    BII to invest $450m in Bangladesh in 5 years
  • Representational image. Picture: Pixabay
    Govt raises regulatory duty to discourage imports of 130 products
  • All banks have to sell dollars at same rate
    All banks have to sell dollars at same rate
  • Representational Image. Photo: Mumit M/TBS
    Govt to list products to suspend imports amid dollar crisis
  • BPC hunts for dollar to import fuel oil
    BPC hunts for dollar to import fuel oil
  • Changes in NBFIs’ deposit, lending rates in the offing
    Changes in NBFIs’ deposit, lending rates in the offing

Related News

  • Wheat arrive here from India against old LCs
  • Almost all public sugar mills incurring losses
  • Hili land port: Indian truck drivers enter Bangladesh without Covid test
  • Foreign consortium eyes Tk5,500cr investment in 3 new sugar mills
  • Tk35 crore deficit in revenue collection in Hili land port in 5 months of 2021-22

Features

A male Baya Weaver beating wings. Photo: Enam Ul Haque

Baya Weavers weave: ‘Must be witnessed to be fully credited’

2h | Panorama
Starlink is ideal in rural or remote locations where internet access has been unreliable or completely unavailable. Photo: SpaceX

Time for a reality check: How viable is Starlink in Bangladesh?

3h | Panorama
First Look: Nissan Magnite 1.0L Turbo

First Look: Nissan Magnite 1.0L Turbo

3h | Wheels
Car myths that really need to go away

Car myths that really need to go away

3h | Wheels

More Videos from TBS

Foods that will prevent future famines

Foods that will prevent future famines

1h | Videos
Sustainable initiative of Pcycle creating employment

Sustainable initiative of Pcycle creating employment

2h | Videos
Photo: TBS

Education at Tk1 changing lives, making dreams come true

4h | Videos
Photo: TBS

An electricity bill that connects Brahmanbaria with Tripura

4h | Videos

Most Read

1
Bangladesh at risk of losing ownership of Banglar Samriddhi
Bangladesh

Bangladesh at risk of losing ownership of Banglar Samriddhi

2
Corporates go cashless…tax cut on cards
NBR

Corporates go cashless…tax cut on cards

3
Photo: Courtesy
Panorama

Misfit Technologies: A Singaporean startup rooted firmly in Bangladesh

4
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

5
British International Investment (BII) CEO Nick O’Donohoe. Illustration: TBS
Economy

BII to invest $450m in Bangladesh in 5 years

6
Representational image. Picture: Pixabay
Economy

Govt raises regulatory duty to discourage imports of 130 products

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab