Bangladesh will buy 70,000 tonnes of urea fertiliser to meet the needs of its farm sector: 30,000 tonnes from Karnaphuli Fertilizer Company Limited (KAFCO) in Bangladesh and 40,000 tonnes from Saudi Arabia's SABIC Agri-Nutrients Company. The total cost will be Tk 364.54 crore.
The cabinet committee on government purchase, chaired by Finance Minister Amir Khasru Mahmud Chowdhury, approved the two proposals at the Secretariat on Monday. The Bangladesh Chemical Industries Corporation (BCIC) is making the purchases on a proposal from the Ministry of Industries, and both will be paid for from the agricultural subsidy budget.
Urea demand for the 2026-27 fiscal year has been set at 30 lakh (3 million) tonnes, of which 5.5 lakh (550,000) tonnes are to come from KAFCO. BCIC has signed a revised agreement with KAFCO for that amount, bought in lots of 30,000 tonnes each.
For the fourth lot, 30,000 tonnes of bagged granular urea, KAFCO was asked for a price offer, which was then reviewed under the method set in the agreement. The price was fixed at USD 408.375 a tonne, for a total of USD 12,251,250, or Tk 151.30 crore.
From SABIC, the eighth lot of 40,000 tonnes of bulk granular urea was approved at USD 431.67 a tonne. That shipment will cost USD 17,266,800, or Tk 213.24 crore, and the agreement allows an additional 10 percent to be imported in the same consignment.
Photo: Mar11 / Wikimedia Commons (CC BY-SA 4.0); a urea fertiliser plant, representative picture
Source: Samakal
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