Govt to procure 1.50 lakh tonnes fertilizer

The government has approved a proposal for procuring 1.50 lakh metric tons (MTs) of fertilizer to meet the growing demand of the country.

The Adviser's Council Committee on Government Procurement (ACCGP) on Sunday gave the approval in its 8th meeting with Finance Adviser of the interim government Dr Salehuddin Ahmed in the chair.

The ACCGP meeting held at Bangladesh Secretariat here also approved a total of five proposals, according to documents provided by the Ministry of Finance.

Following three separate proposals from the Ministry of Agriculture, Bangladesh Agricultural Development Corporation (BADC) would procure 1.20 lakh metric tons of DAP fertilizer from three companies of China, Morocco and Saudi Arabia under state-level agreements with around Taka 872.52 crore.

The three companies are Banyan International Trading Limited of China, OCP of Morocco and MA’ADEN of Saudi Arabia.

Following another proposal from the Ministry of Industries, the Bangladesh Chemical Industries Corporation (BCIC) would procure some 30,000 metric tons of bulk granular urea fertilizer under the 4th lot under state-level agreement in the current fiscal year (FY24) from SABIC Agri-nutrients Company, Saudi Arabia with around Taka 129.35 crore where per ton fertilizer would cost $359.33.