Bangladesh's cabinet committee on government purchase has approved the import of 40,000 tonnes of DAP fertiliser from Morocco at a cost of Tk 427.80 crore. The proposal was passed on Wednesday, 7 October, at a meeting at the Secretariat chaired by Finance Minister Amir Khasru Mahmud Chowdhury.
The fertiliser will come from Morocco's OCP Nutricrops SA as an optional fifth lot under a government-to-government agreement. On the agriculture ministry's proposal, the Bangladesh Agricultural Development Corporation (BADC) will import it, and the cost will be paid from the budget set aside for farm subsidies.
The agreement was renewed on 25 June after the previous one ran out. Using the pricing formula in the renewed deal and current world prices, DAP has been priced at US$866 a tonne this time, for a total of US$34.64 million.
The contract allows up to 10 per cent more than the stated quantity, so more than 40,000 tonnes can be brought in if needed.
According to the agriculture ministry, the target for DAP imports from Morocco in fiscal 2026-27 is 560,000 tonnes, of which the purchase committee has so far approved 360,000 tonnes.
The government is importing fertiliser from several countries under its subsidy programme to keep supplies to farmers steady, and this approval is part of that run of purchases. The report is by The Daily Observer's staff reporter.
Photo: Suyash Dwivedi / Wikimedia Commons (CC BY-SA 4.0)
Source: The Daily Observer
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