Friday, 26 Apr, 2024

Business

Govt to import 1.6 lakh tones fertilisers from Dubai, Saudi Arabia

Senior Correspondent | banglanews24.com
Update: 2022-08-31 18:39:16
Govt to import 1.6 lakh tones fertilisers from Dubai, Saudi Arabia

The government has decided to import 1,60,000 tones of MOP and Urea fertilisers from Duabi and Saudi Arabia.

Cabinet Committee on Government Purchase at a meeting approved some proposals on Wednesday. 

Finance Minister AHM Mustafa Kamal presided over the meeting.

As per a proposal of the agriculture ministry, the Bangladesh Agriculture Development Corporation (BADC) will import 100,000 metric ton of MOP fertiliser from Dubai-Falco General Trading under a state-to-State contract at a cost of Tk 931.49 crore.

Each metric ton of MOP will cost $980 which was earlier imported at $1100.  

A total of 60,000 mt of urea fertiliser will be imported from Saudi-based SABIC Agri-nutrients Company in two equal lots.

Under the proposals, Bangladesh Chemical Industries Corporation (BCIC) will import each lot of 30,000 mt at Tk 117.98 crore.

Each metric ton of urea will cost $624.17 while previously it cost 534.33 per mt.

BDST: 1839 HRS, AUG 31, 2022
MSK/SMS

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.