Cabinet body okays 200,000mt fertiliser import

The Cabinet Committee on Economic Affairs on Wednesday approved separate proposals to import a total of 200,000 metric tonnes (mt) fertiliser at a cost of Tk 5.44 billion.

The approval was given at a meeting of the committee held with Finance Minister AMA Muhith in the chair.

Of the bulk import, 1.75mt urea will be brought from international suppliers, while 25,000mt DAP fertiliser will be acquired under the government-to-government agreement.

As per the proposal, private firm Proton Traders Ltd will supply 75,000mt urea through Chittagong port at a cost of Tk 2.24 bllion, while another 75,000mt urea will be supplied by the same firm through Mongla port at a cost of Tk 2.27 billion.

The remaining 25,000 mt of DAP fertiliser will be imported from Morocco's state fertiliser company OCP under a contract with state-owned Bangladesh Agriculture Development Corporation (BADC). The import will cost Tk 832 million.