Dhaka: The government has officially sanctioned separate procurement proposals for one cargo of LNG, 70,000 metric tons of fertilizer, and 25,000 metric tons of refined sugar to address the increasing demands within the country.
According to Bangladesh Sangbad Sangstha, these approvals were finalized during the 30th meeting of the Advisers Council Committee on Government Purchase this year. The meeting was held at the Cabinet Division Conference Room at the Bangladesh Secretariat, with Finance Adviser Dr. Salehuddin Ahmed presiding.
Following the meeting, the Finance Adviser briefed reporters, revealing that the government plans to purchase one cargo of LNG from the spot market through an international quotation method. This procurement will be conducted with M/S Aramco Trading Singapore Pte Ltd, Singapore, at an estimated cost of Taka 517.19 crore, with each MMBtu of LNG priced at $12.289.
In addition, two separate proposals from the Ministry of Agriculture and the Ministry of Industries were approved. The Bangladesh Agricultural Development Corporation (BADC) is set to acquire 40,000 metric tons of DAP fertilizer under the 8th lot from MA’ADEN, Saudi Arabia, at approximately Taka 383.62 crore, with each ton priced at $781. Meanwhile, the Bangladesh Chemical Industries Corporation (BCIC) will procure 30,000 metric tons of bagged granular urea fertilizer under the first lot from KAFCO, Bangladesh, at an estimated cost of Taka 164.91 crore, where each ton will cost $448.37.
Furthermore, the purchase committee meeting approved a proposal from the Ministry of Commerce, allowing the state-run Trading Corporation of Bangladesh (TCB) to procure 25,000 metric tons of refined sugar through the international Open Tender Method (OTM). This procurement is expected to cost around Taka 175.98 crore, with each kilogram of sugar priced at Taka 106.66.