** Fire at building in Dhaka’s Wari doused ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Dozens injured as Sonar Bangla Express hits goods train in Cumilla ** Bus, pickup van collision in Dinajpur leaves 2 drivers dead, 12 injured ** Fardin’s death: Dhaka court orders further investigation by CID ** When shall these private univs move to permanent campuses? ** Bus-three wheeler collision kills 5 in Ctg’s Boalkhali ** People pay last respects to Dr Zafrullah Chowdhury at Shaheed Minar ** Tarique, Zubaida indicted in graft case ** Bangladesh’s literacy rate rises to 74 percent, poverty down by 5.6 percent: Survey ** People to pay tribute to Dr Zafrullah at Shaheed Minar tomorrow ** IMF team due in Dhaka on April 25 to discuss 2nd tranche of $4.7b loan ** Dr. Zafrullah the warrior stops, his battles will go on ** Dr Zafrullah Chowdhury no more ** We are living like the poor, paying like the rich ** US wants Bangladesh sets up strong example of free, fair elections ** Govt raises fertiliser prices by Tk 5 per kg ** US can topple govt in any country: Sheikh Hasina ** Nafiz Alam sent to jail in narcotics case ** Traders affected by the massive fire in Bangabazar in the capital set up shops on footpaths with the high hope of recouping their losses ahead of Eid-ul-Fitr. This photo was taken on Sunday. NN photo ** Temperatures feared to hit 40°C this week ** 579 people killed in motorcycle accidents in 3 months: SCRF ** 3 dead in Jamalpur after truck collides with pickup van ** Industry owners paying increased gas price, but not getting promised supply **

Govt raises fertiliser prices by Tk 5 per kg

11 April 2023
Govt raises fertiliser prices by Tk 5 per kg

File photo

UNB, Dhaka :

The government has raised the prices of Urea, TSP, DAP and MOP fertilisers by Tk 5 per kg at both farmer and dealership levels.

The new rates came into effect on Monday.

The agriculture ministry issued an order in this regard on Monday following a letter sent by the finance department of the finance ministry.

The prices have been refixed aiming to keep the fertilizer import at a rational level amid the hike in its prices at the international level and ensure optimum utilization of fertilizers, said the order.

At the farmers’level, the price of per kg Urea has been raised to Tk 27 from Tk 22, DAP to Tk 21 from Tk 16, TSP to Tk 27 from Tk 22 and MOP to Tk 20 from Tk 15.

Similarly, at the dealers’ level, the Urea price has been re-fixed at Tk 25 instead of Tk 20, DAP at Tk 19 instead of Tk 14, TSP at Tk 25 instead of Tk 20 and MOP at Tk 18 instead of Tk 13.

The current price of Urea, DAP, TSP and MOP fertilisers in the international market is Tk 48, Tk 70, Tk 50 and Tk 60 per kg respectively.

As a result, the government is still giving a subsidy of Tk 21 in Urea, Tk 49 in DAP, Tk 23 in TSP and Tk 40 in MOP per kg even after the latest price hike, said a media release of the agriculture ministry.

Fertilizer prices were raised by 3-4 times in the global market in the last three years, resulting in hike in government subsidy in the country four times, it said.

In the fiscal year 2020-21, the amount of subsidy was Tk 7,420 crore while it increased to TK 28 crore in 21-22 FY and in the running 2022-23 fiscal year, about Tk 46,000 crore will be required for subsidy.

From 2008-09 to 2022-23 fiscal years, Tk 1,19,837 crore was spent as fertiliser subsidy.

Add Rate