Govt to import 95,000 MTs fertilizer

The government on Tuesday approved three separate proposals to import some 95,000 Metric Tons (MTs) of fertilizer to meet the growing demand.

The approvals came from the current year's 38th meeting of the Advisers Council Committee on Government Purchase (ACCGP) held on Tuesday with Finance Adviser Dr Salehuddin Ahmed in the chair.

Following a proposal from the Ministry of Industries, the government will procure 30,000 MTs of bulk granular urea fertilizer under the first lot from SABIC Agri-nutrients Company, Saudi Arabia at a cost of around Taka 164.59 crore, with each ton priced at US$447.50.

Following another proposal from the ministry, the government will procure 30,000 MTs of bagged granular urea fertilizer from Karnaphuli Fertilizer Company Limited (Kafco) at a cost of around Taka 152.59 crore, with each ton priced at $414.87.

In addition, the Bangladesh Agricultural Development Corporation (BADC) will procure 35,000 MTs of MOP fertilizer under the fourth lot of a state-level agreement with JSC Foreign Economic Corporation (Prodintorg), Russia at a cost of around Taka 154.90 crore, with each ton priced at $361.