4 lakh tonnes of DAP to be imported annually from KSA
The Saudi company has agreed to supply the DAP fertiliser at least $2 less than the average market price of $745 per tonne
Bangladesh will import four lakh tonnes of Di-ammonium phosphate (DAP) fertiliser per year from Kingdom of Saudi Arabia (KSA) for next two years.
An agreement in this regard was signed between Saudi state owned company Ma'aden and Bangladesh Agricultural Development Corporation (BADC) in Riyadh on 15 December, said a press release of the agriculture ministry today (24 December).
A representative of Ma'aden which is the fastest growing mining companies in the world and BADC Chairman M Ruhul Amin signed the agreement on their respective sides.
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Agriculture Secretary Dr Mohammad Emdad Ullah Mian also was present.
Under the agreement, the company will supply four lakh tonnes of DAP annually and it will continue till 2026.
The Saudi company has agreed to supply the DAP fertiliser at least $2 less than the average market price of $745 per tonne.
New concession will add with four-dollar reduction of DAP price according to a previous agreement with Saudi Arabia making the total cut of price up to six dollars per ton, saving nearly Tk28.80 crore annually from Saudi fertiliser import.
The Saudi company has agreed to impart training to the Bangladeshi farmers on optimum use of fertiliser and construct a fertiliser storehouse in Bangladesh.
