Bangladesh will buy 295,000 tonnes of fertiliser to keep farm production going, after the cabinet committee on government purchase approved eight proposals on Thursday, 12 November. The fertiliser will come from Morocco, Saudi Arabia and the United Arab Emirates, with urea also bought from the local Karnaphuli Fertilizer Company Limited (KAFCO). The total cost is Tk 2,207.77 crore (Tk 22,07,76,69,350).
The meeting was chaired by finance minister Amir Khasru Mahmud Chowdhury. Of the total, 140,000 tonnes of TSP and DAP will come from Morocco and 155,000 tonnes of urea from Saudi Arabia, the UAE and KAFCO.
On the agriculture ministry's proposal, 60,000 tonnes of TSP will be imported in two lots from Morocco's OCP Nutricrops SA. The 10th lot of 30,000 tonnes will cost Tk 244.18 crore at US$656.67 a tonne, and the 11th lot of the same size Tk 244.94 crore at US$656.33 a tonne. The same company will supply 80,000 tonnes of DAP in two lots of 40,000 tonnes, the optional sixth lot and the eighth, each costing Tk 423.79 crore at US$851.67 a tonne.
On the industries ministry's proposal, 80,000 tonnes of bulk granular urea will come from Saudi Arabia's SABIC Agri-Nutrients Company for the 2026-27 fiscal year, in two optional lots of 40,000 tonnes: the first at US$432.50 a tonne (Tk 214 crore 10,000) and the second at US$430.83 a tonne (Tk 214.04 crore).
A further 45,000 tonnes of bulk granular urea will be bought from Fertiglobe Distributions Limited of the UAE as the third lot of 2026-27, on CFR terms, for Tk 289.93 crore, or US$519.17 a tonne. KAFCO will supply 30,000 tonnes of bagged granular urea as the fifth lot, for Tk 153.09 crore at US$410.875 a tonne, of which US$405.875 is the fertiliser and US$5 the bagging charge.
Taken together, the eight proposals bring in 140,000 tonnes of TSP and DAP and 155,000 tonnes of urea. Per tonne, the urea lots cost between US$410.875 and US$519.17, against about US$656 for TSP and US$851.67 for DAP. The report is by Banglanews24's senior correspondent.
Source: Banglanews24
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