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 than 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]
List of nationalised sugar mills
About 16 sugar mills were nationalised following the independence of Bangladesh and later they became subsidiaries of the Industrial enterprise placed under Bangladesh Sugar Mills Corporation.[11] The list is given below:
