The government has approved the purchase of 130,000 metric tons of fertilizer from Canada, Morocco, Saudi Arabia, and KAFCO, at a total cost of approximately Tk 722.17 crore. This procurement includes 70,000 metric tons of Muriate of Potash (MOP) and 60,000 metric tons of urea fertilizer, to be sourced through both government-to-government agreements and open tenders.

The approval was given at a meeting of the Cabinet Committee on Government Purchase, held virtually on Tuesday (October 14) at the Secretariat. The meeting was chaired by interim financial advisor Dr. Salehuddin Ahmed.

According to meeting sources, under a state-level agreement between the Canadian Commercial Corporation (CCC) and the Bangladesh Agricultural Development Corporation (BADC), the government will import 40,000 metric tons of MOP fertilizer under the 9th lot at a cost of Tk 174.42 crore, with each ton priced at USD 356.25.

Additionally, under another state-level agreement between OCP Nutrients of Morocco and BADC, the government will purchase 30,000 metric tons of fertilizer under the 8th (optional-first) lot at a cost of Tk 208.81 crore, with each ton priced at USD 568.67.

From Saudi Arabia’s SABIC Agri-Nutrients Company, 30,000 metric tons of bulk granular urea will be imported under the 4th lot for the 2025–26 fiscal year, based on a proposal from the Ministry of Industries. The cost of this consignment will be Tk 155.45 crore, with a per-ton price of USD 422.66.

Lastly, the government approved the import of 30,000 metric tons of bagged granular urea fertilizer from Karnaphuli Fertilizer Company Limited (KAFCO) under the 6th lot for FY 2025–26. This purchase will cost Tk 143.48 crore, with the per-ton rate fixed at USD 390.75.