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The government will import over 0.8 million tonnes of fertiliser during the next fiscal year (FY) 2020-2021 to meet its demand in the country, according to an official document of the agriculture ministry.
The agriculture ministry has set the target to bring in fertiliser under private initiative with subsidies, a ministry official said.
The volume of fertiliser import could be increased or decreased depending on the country's overall demand, he added.
As part of the move, the government will import 0.6 million tonnes of DAP fertiliser, 0.2 million tonnes of MOP fertiliser and 40,000 tonnes of powder MAP under private initiative.
The shipments of fertilisers will have to be completed within August 30, 2020 for DAP and powder MAP and September 30, 2020 for MOP respectively.
Imported fertiliser will be preserved in four storing places--5 per cent in Chattogram, 30 per cent in Narayanganj, 35 per cent in Nagarbari and 30 per cent in Noapara.
Imported fertiliser will also be stored in other 'mokams' after informing the government authorities and ministry concerned about it.
Private fertiliser importers/authorities will submit their import proposal in a specific box that will be set up at the Bangladesh Secretariat or Bangladesh Agricultural Development Corporation (BADC) from 10 am to 1.0 pm on May 19, 2020. The country requires more or less 5.0 million tonnes of different types of fertilisers annually, a high official of the ministry told the FE on Wednesday last.
He, however, said the country produces 0.8-1.0 million tonnes of urea and 0.1 million tonnes of Triple Super Phosphate or TSP respectively.