BM Desk :The government has approved a proposal to import 115,000 metric tons of fertilizer from Saudi Arabia, Morocco, and Russia at a total cost of Tk 664.41 crore. This includes 30,000 MT of urea, 40,000 MT of DAP, and 35,000 MT of MOP fertilizer.

The decision was made during a meeting of the Cabinet Committee on Government Purchase, held virtually on Wednesday (October 22) and chaired by Economic Adviser Dr. Salehuddin Ahmed.

According to meeting sources:

Under the Ministry of Industries’ proposal, the government approved the 5th lot of bulk granular urea (30,000 MT) from Saudi Arabia’s SABIC Agri-Nutrients Company for the 2025–26 fiscal year. The cost is Tk 151.77 crore, with each metric ton priced at USD 413.33.

Based on a Ministry of Agriculture proposal, the government also approved the import of 40,000 MT of DAP fertilizer (7th lot) under a state-level agreement between Morocco’s OCP Nutricrops and Bangladesh Agricultural Development Corporation (BADC). The cost is Tk 360.02 crore, at USD 735.33 per metric ton.

Another proposal from the Ministry of Agriculture was approved to import 35,000 MT of MOP fertilizer (5th lot) from a Russian company under an agreement with BADC. The cost will be Tk 152.62 crore, with a per-ton price of USD 356.25.

Additionally, the committee approved a procurement proposal to construct a 10,000 MT buffer warehouse in Barguna under the revised project “Construction of 34 Buffer Warehouses Across the Country for Fertilizer Storage and Distribution.”

The construction (Package-4, Lot-5) will be carried out by the selected bidder M/s MBL-RFL at a cost of Tk 51.74 crore.