Bizdata Insights Main Logo

BizData Insights

Govt to Purchase 1 Lakh MTs of Fertilizer and 6,000 MTs of Lentils

Industry: Commodity, Fertilizer

The government approved procurement of one cargo LNG, one lakh metric tons of fertilizer, and 6,000 metric tons of lentil to meet the country’s growing demand. The decisions were made during the 14th meeting of the Cabinet Committee on Government Purchase (CCGP). Proposals included procurement from various sectors such as energy, commerce, agriculture, and industries. Petrobangla will procure LNG, while lentils will be purchased by the Trading Corporation of Bangladesh (TCB) and fertilizers by the Bangladesh Chemical Industries Corporation (BCIC). Additionally, construction projects for export promotion and hospitals were awarded. The meeting also approved variation proposals and discussed procurement procedures. Furthermore, the Cabinet Committee on Economic Affairs (CCEA) approved procurement for ocean research and survey, along with reducing procurement timeframes for the TCB.

Source for more details:

Related News

Local Refiners Urge Gov to Raise Edible Oil Prices

July 8, 2024

Local refiners are urging the government to increase edible oil prices due to losses from rising international prices. The Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association (BVORVMA) has requested the commerce ministry to adjust soybean and palm oil prices, citing a gradual increase in global prices, a fixed dollar price by the central bank, and higher bank loan interest rates.

Govt Seeks Revision of India MoU on Essential Imports

July 8, 2024

Bangladesh is preparing to request revisions to a proposed MoU from India regarding the steady supply of essential commodities. The draft MoU lacks governmental guarantees from India on delivery and offers high prices compared to domestic rates.

Govt Plans to Buy One LNG Cargo and 70,000 MTs of Fertilizer

July 4, 2024

The Cabinet Committee on Government Purchase (CCGP) approved several procurement proposals to meet Bangladesh's growing demands. The Energy and Mineral Resources Division will procure one cargo of LNG from M/S Excelerate Energy, LP, USA, costing around Tk 6.09 billion, with LNG priced at $13.55 per MMBtu.

IMF Loan Program Demands BD Clear Subsidy Debts in Five Years

June 27, 2024

Bangladesh faces the imperative to clear its electricity and fertilizer subsidy arrears within the next five years under conditions set by the International Monetary Fund (IMF) as part of a $4.7 billion loan program. The IMF's recent Staff Report, following approval of the loan's third tranche, emphasizes the government's commitment to halt further accumulation of arrears and gradually settle existing debts transparently through budget allocations.

Ration Rice and Wheat Prices Surge by Up to 800%

June 26, 2024

The prices of ration rice and wheat for officers and employees of 10 government institutions, including the Bangladesh Police and Armed Forces, have been raised by up to 800% effective from July 1. The Finance Ministry set the new prices at Tk11 per kg for rice and Tk12 per kg for wheat, based on 20% of their economic value. Previously, prices ranged from Tk1.09 to Tk1.80 per kg depending on the institution.

Green Chilli Price Reach Tk300-360/kg

June 22, 2024

Prices of green chillies in Dhaka's retail markets remain high at Tk300-360 per kg, despite reduced demand post-Eid. Other vegetables like cucumbers, bitter gourd, tomatoes, and ridge gourd exceed Tk100 per kg. Onion prices have risen by Tk10-14 per kg since Eid, now selling at Tk90-100 for domestic and Tk100-110 for imported varieties.

Related News

Local Refiners Urge Gov to Raise Edible Oil Prices

July 8, 2024

Local refiners are urging the government to increase edible oil prices due to losses from rising international prices. The Bangladesh Vegetable Oil Refiners' and Vanaspati Manufacturers' Association (BVORVMA) has requested the commerce ministry to adjust soybean and palm oil prices, citing a gradual increase in global prices, a fixed dollar price by the central bank, and higher bank loan interest rates.

Govt Seeks Revision of India MoU on Essential Imports

July 8, 2024

Bangladesh is preparing to request revisions to a proposed MoU from India regarding the steady supply of essential commodities. The draft MoU lacks governmental guarantees from India on delivery and offers high prices compared to domestic rates.

Govt Plans to Buy One LNG Cargo and 70,000 MTs of Fertilizer

July 4, 2024

The Cabinet Committee on Government Purchase (CCGP) approved several procurement proposals to meet Bangladesh's growing demands. The Energy and Mineral Resources Division will procure one cargo of LNG from M/S Excelerate Energy, LP, USA, costing around Tk 6.09 billion, with LNG priced at $13.55 per MMBtu.

IMF Loan Program Demands BD Clear Subsidy Debts in Five Years

June 27, 2024

Bangladesh faces the imperative to clear its electricity and fertilizer subsidy arrears within the next five years under conditions set by the International Monetary Fund (IMF) as part of a $4.7 billion loan program. The IMF's recent Staff Report, following approval of the loan's third tranche, emphasizes the government's commitment to halt further accumulation of arrears and gradually settle existing debts transparently through budget allocations.

Ration Rice and Wheat Prices Surge by Up to 800%

June 26, 2024

The prices of ration rice and wheat for officers and employees of 10 government institutions, including the Bangladesh Police and Armed Forces, have been raised by up to 800% effective from July 1. The Finance Ministry set the new prices at Tk11 per kg for rice and Tk12 per kg for wheat, based on 20% of their economic value. Previously, prices ranged from Tk1.09 to Tk1.80 per kg depending on the institution.

Green Chilli Price Reach Tk300-360/kg

June 22, 2024

Prices of green chillies in Dhaka's retail markets remain high at Tk300-360 per kg, despite reduced demand post-Eid. Other vegetables like cucumbers, bitter gourd, tomatoes, and ridge gourd exceed Tk100 per kg. Onion prices have risen by Tk10-14 per kg since Eid, now selling at Tk90-100 for domestic and Tk100-110 for imported varieties.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here