<div><b><span style="font-size: 1rem;">Commerce Minister Tipu Munshi said traders have agreed to reduce the prices of sugar by Tk 5 per kg after the reduction in import duty on both raw and refined sugar last month.</span><br></b></div><div><br></div><div>“As the import duty has been slashed, the prices of sugar can be reduced by Tk 4.5. However, we have requested the traders to reduce it by Tk 5 per kg and they agreed,” he told reporters a&nbsp; press briefing after the 6th meeting of the task force committee on&nbsp; commodity prices and market situation at the secretariat on Sunday.</div><div><br></div><div>The minister hoped that the price of sugar would come down by Tk 5 per kg within the first week of Ramadan, reports UNB.</div><div><br></div><div>He said, “We will start monitoring from tomorrow. Currently, we’re assessing the impact of import duty reduction on sugar.”</div><div><br></div><div>He also assured that traders have enough stocks of oil and sugar.&nbsp;</div><div><br></div><div>bnbd24/fas&nbsp;</div>