The government will procure 100,000 metric tons of fertilizer from Saudi Arabia, Qatar and local company Kafco.
The Cabinet Committee on Public Purchase (CCPP) in a meeting on Thursday approved three separate proposals in this regard. Seven other proposals were also approved by the committee.
Finance Minister AHM Mustafa Kamal presided over the meeting while members of the committee attended it.
Read: Self-reliance in seed production essential for food security: FBCCI
As per the approvals, Bangladesh Agriculture Development Corporation (BADC) will import 40,000 mts of DAP fertilizer at Tk 339.13 crore from Ma’dan of Saudi Arabia while Bangladesh Chemical Industries Corporation (BCIC) will import 30,000 mts of bulk prilled urea fertilizer from Muntajat of Qatar at Tk 247.10 crore.
Another 30,000 mts bagged granular urea from local Karnaphuli Fertiliser Company (Kafco) at Tk 241.96 crore.
Read: Chinese company to invest $ 12.89 million in Mongla EPZ
The BCIC also received a nod from the committee to import 10,000 mts of phosphoric acid from RK Enterprise, Dhaka at Tk 82.94 crore.