Dhaka, Oct. 22 -- The country's sugar market has become volatile, as prices of the essential shot up to Tk 100-120 a kg, rising Tk 10-20 a kg in only four days, amid decline in refineries' output and dealers' supply, said grocers.

Refiners said they had to cut production by two-thirds of the previous level amid massive drop in gas supply to their units.

Many of the city groceries failed to source sugar, and so, went out of stock on Thursday and Friday.

Packet sugar became rare in the capital, as many dealers and big grocers were selling it as loose sugar amid surge in prices to above Tk 100 a kg. Some grocers were found selling packet sugar even at Tk 120 a kg.

The volatility in sugar market began just one and a half weeks after the g...