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Sugar and fertiliser to import soon

Industry: Agriculture & Livestock, Commodity, Fertilizer

In response to the soaring prices of sugar and the upcoming farming season’s demand for fertilizers, the government’s purchase body has given the green light for imports. The Cabinet Committee on Government Purchase (CCGP) approved seven proposals related to fertilizer imports from countries such as the United Arab Emirates, Saudi Arabia, Morocco, and Canada. The meeting also endorsed the import of sugar, which has exceeded the government-set maximum retail price (MRP).

The committee approved the import of phosphoric acid, urea fertilizers, Diammonium Phosphate (DAP), Triple Super Phosphate (TSP), and Muriate of Potash (MOP) fertilizers, with the Bangladesh Agricultural Development Corporation (BADC) being permitted to import these essential resources. Additionally, the Trading Corporation of Bangladesh received approval to import sugar through international open tender. The decision aims to meet market demand, stabilize prices, and ensure sufficient supplies for the upcoming farming season.

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