The government on Tuesday approved a proposal for procuring some 40,000 metric tonnes of bulk granular fertiliser from Saudi Arabia for the current fiscal year (FY26) to meet the growing demand for such key agricultural input.
The approval was granted during the first meeting of the Advisers Council Committee on Government Procurement for this year, held on Tuesday at the Cabinet Division Conference Room in the Bangladesh Secretariat, with Finance Adviser Dr. Salehuddin Ahmed presiding.
The fertiliser will be imported from SABIC Agri-nutrients Company, Saudi Arabia, under the 15th lot.
Initiated by the Ministry of Industries, the proposal entails a total expenditure of Taka 191.41 crore, with the price set at US$390 per tonne.