Briefing about the outcomes of the committee meeting, Finance Minister AHM Mustafa Kamal, who presided over the meeting, told reporters that buying LNG from international spot market will cost Tk132.93 crore. He noted that this import from spot market will save the government’s Tk32 crore comparing to the price of the long term suppliers. “This has been the first time, the government moves to import LNG from international sport market instead of long-term suppliers”, said the finance minister. The Cabinet body approved a proposal of the Bangladesh Agriculture Development Corporation (BADC) to import 150,000 metric tons of TSP fertilizer from OCP of Morocco at Tk400 crore. Another proposal of BADC to import 210,000 metric tons of DAP fertiliser at Tk695.68 crore from the same company received approval of the committee.

Source: Dhaka Tribune September 02, 2020 17:37 UTC