Cabinet Committee on Government Purchase (CCGP) approved a total of 14 proposals in its meeting on Wednesday under which the government will import 135,000 metric tons (MT) of fertliser, 4 LNG (liquefied natural gas) cargoes and 12,500 MT of sugar to meet the growing demands.

Finance Minister AHM Mustafa Kamal presided over the meeting held virtually.

Additional secretary of the Cabinet Division, Sayeed Mahbub Khan briefed reporters about the meeting’s outcomes.

According to proposals placed by the Ministry of Industries, its subordinate body Bangladesh Chemical Industries Corporation (BCIC) will import 90,000 MT of urea fertilisers from different companies under state-level agreements.

Of these, some 30,000 MT of bagged granular urea fertiliser will be imported from Muntajat of Qatar at a cost of Tk 95.32 crore ($295.33 per MT), 30,000 MT of bagged granular urea from Karnaphuli Fertiliser Company (Kafco) at Tk 105.14 crore ($325.75 per MT), and 30,000 MT of granular urea from Sabic of Saudi Arabia at Tk 105.02 crore ($325.33 per MT).   

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The BCIC will also import 30,000 MT of phosphoric acid at a cost Tk 184.64 crore from Sun International FZU, UAE (local agent: M/S Agro Industrial Input, Dhaka) through international open tender.

The Agriculture Ministry placed four proposals under which its subordinate body Bangladesh Agriculture Development Corporation (BADC) will import a total of 145,000 MT of different types of fertilizers from state-owned companies of different countries under state level agreements.

Of these, 40,000 MT of DAP fertilizer will be imported from MA’ADEN, Saudi Arabia at Tk 238.59 crore ($554.25 per MT), 50,000 MOP fertilizer from Canadian Commercial Corporation at Tk 226.16 crore ($420.31 per MT), 25,000 MT of TSP fertiliser from CGT of Tunisia at Tk 105.73 crore ($393 per MT) and 30,000 TSP from OCP, SA of Morocco Tk 132.67 crore ($411 per MT).

As per proposals placed by the Energy and Mineral Resources Division, its subordinate body Petrobangla will import two LNG Cargo, each having 33.60 lakhs of MMBtu of LNG, from Vitol Asia Pte Ltd.,of Singapore, one at Tk 465.17 crore ($10.978 per MMBtu), and another at Tk 503.73 crore ($11.88 per MMBtu),.

A similar capacity cargo containing LNG will be imported from Gunvor Singapore Pte Ltd., Singapore, at Tk 528.35 crore ($12.47 per MMBtu), and another cargo from Excelerate Energy LP, US at Tk 516.49 crore ($12.19 per MMBtu).

 The Trading Corporation of Bangladesh (TCB), under the Commerce Ministry, will import 12,500 MT of sugar from abroad at a cost of Tk 64.20 crore with per kg value at Tk 82.