Govt to import 70,000 MTs fertilizer

The government will procure 70,000 MTs of fertilizer at a cost of Tk 454. 56 crore to meet the country’s growing demand.

The approval came from this year's 1st meeting of Advisers Council Committee on Government Purchase (ACCGP) held at the Cabinet Division conference room at Bangladesh Secretariat with Adviser to the interim government on the Ministry of Finance Dr Salehuddin Ahmed in the chair on Thursday.

Following a proposal from the Ministry of Industries, the Bangladesh Chemical Industries Corporation (BCIC) will procure some 30,000 MTs of bulk granular urea fertilizer from Qatar Energy Marketing under the 8th lot for the fiscal year (FY25) with around Taka 127.68 crore, with per ton fertilizer costing $354.67.

Besides, the Bangladesh Agricultural Development Corporation (BADC) under the Ministry of Agriculture would procure 40,000 MTs of DAP fertilizer under state-level agreement from MA'ADEN, Saudi Arabia with around Taka 296.16 crore where per ton fertilizer would cost $617.

In response to another proposal from the Ministry of Agriculture, BADC would procure 30,000 MTs of TSP fertilizer under state-level agreement from OCP NUTRICROPS SA, Morocco with around Taka 158.40 crore where per ton fertilizer would cost $440.