Accra:The Cabinet Committee on Government Purchase (CCGP) has approved two proposals to procure a total of 70,000 tonnes of urea fertilizer at a cost of Taka 364.55 crore to meet agricultural demands.
According to Bangladesh Sangbad Sangstha, the approval was given at the committee's 50th meeting of the year, which was held virtually and chaired by Finance Minister Amir Khosru Mahmud Chowdhury.
Out of three proposals submitted by the Ministry of Industries, two procurement proposals received approval, while the third was withdrawn. The first approved proposal involves purchasing 30,000 tonnes of bagged granular urea fertilizer from Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh, at a cost of Taka 151.30 crore, with the price set at US$ 408.375 per tonne.
The second proposal includes importing 40,000 tonnes, with a permissible variation of 10 percent, of bulk granular urea fertilizer from Saudi Arabia's SABIC Agri-nutrients Company. This procurement is the eighth lot for the fiscal year 2026-27 and is priced at Taka 213.24 crore, or US$ 431.67 per tonne.
Additionally, a proposal to import 20,000 tonnes, with a permissible variation of 10 percent, of phosphoric acid for DAP Fertilizer Company Limited was withdrawn from the agenda at the request of the Ministry of Industries.