CCGP approves purchase of 70,000 tonnes of urea fertilizer

 
The Cabinet Committee on Government Purchase (CCGP) on Monday approved two proposals for procuring a total of 70,000 tonnes of urea fertilizer at a cost of Taka 364.55 crore to meet the country's agricultural demand.

The approval came at the committee's 50th meeting of the current year, held virtually with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.

A total of three proposals from the Ministry of Industries were placed before the meeting. Of them, two procurement proposals were approved, while the ministry withdrew the third proposal, according to BSS report. 

Under the first approved proposal, the government will procure 30,000 tonnes of bagged granular urea fertilizer, the fourth lot for the fiscal year 2026-27, from Karnaphuli Fertilizer Company Limited (KAFCO), Bangladesh, at a cost of Taka 151.30 crore.

The price of the fertilizer has been set at US$ 408.375 per tonne.

Under the second proposal, the government will import 40,000 tonnes, with a permissible variation of 10 percent, of bulk granular urea fertilizer from Saudi Arabia's SABIC Agri-nutrients Company. 

The procurement, the eighth lot for FY 2026-27, will cost Taka 213.24 crore, with the price fixed at US$ 431.67 per tonne.

Meanwhile, a proposal to import 20,000 tonnes, with a permissible variation of 10 percent, of phosphoric acid for DAP Fertilizer Company Limited (DAPCL) was withdrawn from the meeting's agenda at the request of the Ministry of Industries.