Sugarcane crushing for 2023-24 fiscal year began at Darshana Carew & Company Sugar Mill on Friday afternoon setting a target of manufacturing 4,030 tonnes of sugar during the current 2023-24 financial year.
Mosharraf Hossain, managing director (MD) of Carew & Co, the crushing target was fixed at 65,000 metric tonnes of sugarcane in 52 days with the recovery rate of sugar at 6.20 percent.
The largest sugar mill in the country had been continuously incurring losses for a long time.
It has turned around a bit due to the increase in the price of sugar by the government. Apart from this, the sugar mill is being modernized by adding new machinery at a cost of about Tk22 crore. It will increase the capacity of sugarcane crushing and sugar production.
If everything goes well this time, the company will be able to reduce the losses, authorities hoped.
Presided over by Chowdhury Ruhul Amin Kaiser, secretary of Bangladesh Sugar and Food Industries Corporation, BSFIC Chairman (Grade-1) Sheikh Shoibul Alam (NDC) addressed as the chief guest at the opening ceremony.