Govt to procure 90,000 MTs of fertilizer, 50,000 MTs of wheat

The government today approved separate proposals for procuring a total of 90,000 metric tons (MTs) of fertilizer and 50,000 MTs of wheat to meet the growing demand of the country.

The approval came from the 30th meeting of the Cabinet Committee on Government Purchase (CCGP) in this year held today virtually with Finance Minister AHM Mustafa Kamal in the chair.

After the meeting, the Finance Minister said while briefing reporters virtually that a total of 11 proposals were approved Wednesday.

Asked about the subscription fee of Bangladesh as the new member of New Development Bank (NDB) and about the country's possible share at the bank, Kamal said he would inform about the matter in the next meeting.

Replying to another question, he said Economic Relations Division (ERD) Secretary Fatima Yasmin represented him at the 2021 Annual Meeting of the Islamic Development Bank Group (IsDB Group) that took place at Tashkent, Uzbekistan earlier in this week.

Joining the briefing virtually, Cabinet Division Additional Secretary Md Shamsul Arefin said Bangladesh Chemical Industries Corporation (BCIC) under the Ministry of Industries will procure some 30,000 MTs of bulk granular urea fertilizer from Fertiglobe Distribution Limited in the UAE with around Taka 115.16 crore. The price of per MT urea fertilizer will be US$450.83.

He said BCIC under the Ministry of Industries would procure another 30,000 MTs of bagged granular urea fertilizer from Muntajat, Qatar with around Taka 111.72 crore where the price of per metric ton of fertilizer would be US$436.83.