The Bangladesh Small and Cottage Industries Corporation has re-fixed the price of potassium iodate, the main ingredient in iodised salt, to ensure production of a moderate amount of iodised salt and supply at a fair price for consumers.
The price of potassium iodate per kg has been fixed at Tk 2,500 instead of Tk 3,000 from January 1, 2021, BSCIC said in a press release issued on Friday.
Earlier in the fiscal year 2017-18, the price of potassium iodate was reduced from Tk 4,700 per kg to Tk 3,000 per kg.
Potassium iodate is used for iodising salt which is not produced in Bangladesh. It has to be imported from abroad.
Seventy to ninety grams of potassium iodate is required to add enough iodine in each tonne of salt.
About 30 metric tonnes of potassium iodate is used to add iodine to salt every year.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Trade & Commerce