The government has approved three separate proposals on fertiliser import at lower costs as the price of the product declined in the international market.
The approval came at a meeting of the Cabinet Committee on Government Purchase (CCGP) at a meeting on Wednesday.
Finance Minister AHM Mustafa Kamal presided over the Cabinet purchase body meeting.
Read:Cabinet purchase body okays import of 90,000 MT fertiliser, other proposals
As per the proposals Bangladesh Chemical Industries Corporation (BCIC), a subsidiary body of Ministry of Industries, will import 30,000 metric tons (MT) of bulk granular urea fertilizer from Fertiglobe Distribution Limited of UAE at Tk 204.72 crore.
Each metric ton will cost $632, down by about $46 from the previous purchase of the product at $678 per MT.
Similarly, the BCIC will import another 30,000 MT of bulk granular urea at about Tk 204.72 crore from Muntajat of Qatar, with $632 per metric ton, down by $46 from earlier purchase.
Bangladesh Agriculture Development Corporation (BADC) will import 40,000 MT of DAP fertiliser from MA’ADEN of Saudi Arabia at a cost of Tk 309.77 crore under a state-level contract.
Read: No fertiliser crisis in Bangladesh, strict action against hoarders: Food Minister
Each metric ton will cost 726.50, down by $139.5 from the previous rate of $866 per MT.
Following the start of the Russia-Ukraine war in February this year the price of both urea and MOP fertilisers had crossed $900 per metric ton.
The Cabinet body also approved a proposal of the Local Government Engineering Division to award a Tk 105 crore contract to local firm Max Infrastructure Ltd to execute civil construction works of a 614 metre PSC guarder bridge on the Kalinga River at Nesarabad upazila of Pirojpur district.