Government Approves Fertilizer Procurement Plans from Multiple Countries

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Baku:The government has approved plans to procure 2.37 lakh metric tons of fertilizers, including urea, muriate of potash (MOP), and diammonium phosphate (DAP), from Saudi Arabia, the United Arab Emirates, Canada, and Russia. These approvals were made during the 49th meeting of the Cabinet Committee on Government Purchase (CCGP), held virtually, with Finance Minister Amir Khosru Mahmud Chowdhury presiding.

According to Bangladesh Sangbad Sangstha, the Ministry of Industries will import 40,000 metric tons of bulk granular urea from Saudi Arabia's SABIC Agri-nutrients Company for Tk 220.65 crore, priced at US$446.67 per ton. Additionally, 42,000 metric tons will be sourced from Fertiglobe Distributions Limited in the UAE for Tk 275.78 crore, at a rate of US$531.67 per ton.

The Ministry of Agriculture plans to import 40,000 metric tons of MOP fertilizer, with an optional additional 10 percent, from Canada's Canadian Commercial Corporation (CCC) for Tk 188.89 crore, at US$382.38 per ton. Another 35,000 metric tons of MOP will come from Russia's JSC Foreign Economic Corporation (Prodintorg) at Tk 166.09 crore, priced at US$383.80 per ton. An additional 40,000 metric tons will be procured from CCC at the same unit cost.

Furthermore, the committee approved the import of 40,000 metric tons of DAP fertilizer, with a possible 10 percent increase, from Saudi Arabia's MA'ADEN at Tk 425.58 crore, with each ton costing US$861.50.

In other decisions, the Ministry of Commerce will purchase two lots of 5,000 metric tons of sugar each from Meghna Sugar Refinery Ltd. via the e-GP system, totaling 10,000 tons at Tk 103.45 crore, inclusive of VAT and taxes.

The committee also reviewed two contract variations related to the Hazrat Shahjalal International Airport Expansion Project (Phase I). A proposed Tk 360.65 crore variation would elevate the main contract value to Tk 20,959.30 crore, while a Tk 405 crore variation would increase the consultancy contract to Tk 1,176.72 crore.