'Urea fertiliser stock enough to meet Boro season's need'
Tuesday, 3 January 2012
Monira Munni
The country has sufficient stock of urea fertiliser to meet the demand of Boro season, officials said.
The government will import a total of 0.8 million tonnes of urea fertiliser from Qatar, Saudi Arabia and the United Arab Emirates (UAE) to meet the country's domestic requirements in the current fiscal, they added.
"The farmers will face no fertiliser crisis in Boro season as the government has sufficient stock of urea to meet the demand," Industries Minister Dilip Barua told the FE.
We have successfully met the demand of the soil nutrient during every peak season in last three years, he said explaining it one of the successes of the government.
For the last couple of years, Bangladesh has been importing urea fertiliser directly from different countries under state-to-state deals, along with its usual import from international market.
The government has taken some precautionary measures to avert any fertiliser crisis, he said adding his ministry is continuing import of fertiliser from Qatar, the United Arab Emirates and Saudi Arabia on the basis of state-level agreements.
The government would set up three new fertiliser factories having a total production capacity of about 0.57 million tonnes of fertilizer annually, he said adding that setting up of Shahjalal Fertiliser Factory would start from this year.
"We have a stock of 1.0 million tones of urea which is about 0.2 million tones more than the last season's." Chairman of Bangladesh Chemical Industries Corporation (BCIC) Md Golam Rabbani told the FE Monday.
Moreover, all the fertiliser factories are operating now, he said adding 5200 tonnes of fertiliser have been produced in last 24 hours.
According to the import plan, 0.8 million tonnes will be procured directly from different countries through state-to-state deals and the remaining 1.2 million tonnes will be procured from international market through tender.
Of the direct import, 0.2 million tones will come from the UAE and 0.4 million tonnes from Qatar, another 0.2 million tonnes of fertiliser will come from Saudi Arabia, he said.
BCIC officials said 1.0 million to 1.2 million tonnes of urea are required during the Boro season that starts from January while the annual consumption of urea is about 2.8 million tonnes.
Till December 28, last year, the country imported 879535 tonnes while locally produced 473854 tonnes and distributed 1037409 tonnes of fertiliser, they added.
The country's fertiliser requirement for the current fiscal is about 3.0 million tonnes. The state-owned BCIC factories will produce 1.0 million tonnes while the rest will be met through import.
The country has sufficient stock of urea fertiliser to meet the demand of Boro season, officials said.
The government will import a total of 0.8 million tonnes of urea fertiliser from Qatar, Saudi Arabia and the United Arab Emirates (UAE) to meet the country's domestic requirements in the current fiscal, they added.
"The farmers will face no fertiliser crisis in Boro season as the government has sufficient stock of urea to meet the demand," Industries Minister Dilip Barua told the FE.
We have successfully met the demand of the soil nutrient during every peak season in last three years, he said explaining it one of the successes of the government.
For the last couple of years, Bangladesh has been importing urea fertiliser directly from different countries under state-to-state deals, along with its usual import from international market.
The government has taken some precautionary measures to avert any fertiliser crisis, he said adding his ministry is continuing import of fertiliser from Qatar, the United Arab Emirates and Saudi Arabia on the basis of state-level agreements.
The government would set up three new fertiliser factories having a total production capacity of about 0.57 million tonnes of fertilizer annually, he said adding that setting up of Shahjalal Fertiliser Factory would start from this year.
"We have a stock of 1.0 million tones of urea which is about 0.2 million tones more than the last season's." Chairman of Bangladesh Chemical Industries Corporation (BCIC) Md Golam Rabbani told the FE Monday.
Moreover, all the fertiliser factories are operating now, he said adding 5200 tonnes of fertiliser have been produced in last 24 hours.
According to the import plan, 0.8 million tonnes will be procured directly from different countries through state-to-state deals and the remaining 1.2 million tonnes will be procured from international market through tender.
Of the direct import, 0.2 million tones will come from the UAE and 0.4 million tonnes from Qatar, another 0.2 million tonnes of fertiliser will come from Saudi Arabia, he said.
BCIC officials said 1.0 million to 1.2 million tonnes of urea are required during the Boro season that starts from January while the annual consumption of urea is about 2.8 million tonnes.
Till December 28, last year, the country imported 879535 tonnes while locally produced 473854 tonnes and distributed 1037409 tonnes of fertiliser, they added.
The country's fertiliser requirement for the current fiscal is about 3.0 million tonnes. The state-owned BCIC factories will produce 1.0 million tonnes while the rest will be met through import.