Bangladesh to Procure 1.50 Lakh MTs of MOP Fertilizer from Canada and Russia

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Dhaka:The Cabinet Committee on Government Purchase (CCGP) has recommended the procurement of 1.50 lakh tonnes of Muriate of Potash (MOP) fertilizer from Canada and Russia through government-to-government and state-level agreements.

According to Bangladesh Sangbad Sangstha, the recommendation was made during the 52nd virtual meeting of the CCGP, chaired by Finance Minister Amir Khosru Mahmud Chowdhury. The meeting considered four proposals from the Ministry of Agriculture.

Under the first proposal, Bangladesh plans to import 40,000 tonnes of MOP fertilizer in the seventh lot from Canada's Canadian Commercial Corporation (CCC) through an agreement with the Bangladesh Agricultural Development Corporation (BADC). The proposed procurement cost is Taka 188,89,57,200, with a unit price of US$382.38 per metric tonne. The committee has also recommended importing an additional 40,000 tonnes from CCC in the eighth lot, under the same agreement and at the same cost and unit price.

The third proposal involves the import of 35,000 tonnes, with a possible variation of 10 percent, of MOP fertilizer in the ninth lot from Russia's JSC Foreign Economic Corporation (Prodintorg). The proposed cost is Taka 165,41,75,880, with a quoted price of US$382.38 per metric tonne. A fourth proposal includes the import of another 35,000 tonnes, with a possible variation of 10 percent, from the Russian company in the 10th lot, at a proposed cost of Taka 165,55,14,210 and the same unit price.

The committee has recommended all four proposals for approval, covering two lots of 40,000 tonnes each from Canada and two lots of 35,000 tonnes each from Russia.