Bangladesh to import TSP fertiliser from Egypt thru' G2G
The country imports Tk20,000cr worth of non-urea fertiliser annually
Bangladesh will import TSP (Triple Super Phosphate) fertiliser from Egypt's EI Nasr Co for Intermediate Chemicals (NCIC) through a government-to-government (G2G) agreement, the Ministry of Agriculture confirmed.
The proposal from the ministry received policy approval today (23 September) at a meeting of the Advisers' Council Committee on Economic Affairs, chaired by the Finance Adviser.
According to the Ministry, the Bangladesh Agricultural Development Corporation (BADC) imports nearly 30 lakh tonnes of non-urea fertilisers—including TSP, DAP, and MOP—each year through G2G arrangements to supply subsidised fertiliser to farmers.
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Despite existing arrangements, shortages are common, prompting the Ministry to diversify suppliers. Therefore, there is a need to have arrangements to import fertiliser from another country.
According to the proposal presented at the meeting, the Egyptian company will provide fertiliser at a competitive rate, offering a $7 per tonne discount compared to international market prices.
Currently, BADC imports non-urea fertilisers through government agreements with institutions in Saudi Arabia, Morocco, Tunisia, Canada, Russia, Belarus, China, Malaysia, and Jordan. However, supplies from Tunisia are limited to 25,000 tonnes per lot and are irregular.
Considering this situation, the agriculture ministry has decided to initiate TSP imports from Egypt.
A senior Ministry official, speaking on condition of anonymity, said to ensure sustainable food security, TSP imports from the Egyptian government-owned company will be coordinated with other international fertiliser suppliers to mitigate import risks.
Bangladesh imports nearly Tk20,000 crore worth of non-urea fertiliser annually, largely financed through LTR (Loan Against Trust Receipt) loans backed by the Ministry of Finance.
