The Cabinet Committee on Government Purchase (CCGP) on Monday approved procurement of 70,000 tonnes of urea fertiliser from local and foreign suppliers at a cost of Tk 364.55 crore to meet the country’s fertiliser demand in the 2026-27 fiscal year.
Finance Minister Amir Khosru Mahmud Chowdhury presided over the meeting.
Of the total quantity, 30,000 tonnes of bagged granular urea will be procured from Karnaphuli Fertiliser Company Limited (KAFCO), Bangladesh, at Tk 151.30 crore.
The purchase price has been set at US$408.375 per metric tonne .
The committee also approved importing 40,000 tonnes of bulk granular urea fertiliser from Saudi Arabia’s SABIC Agri-nutrients Company at Tk 213.24 crore.
The fertiliser, containing 10 percent nitrogen as specified in the proposal, will be imported at US$431.67 per metric tonne.
The Ministry of Industries placed both proposals before the committee.
The recommendations are aimed at ensuring the supply of urea fertiliser for the country’s agricultural needs during the fiscal year.