Considering the global price hike of Urea fertiliser the government has raised the price to Tk22 per kilogram from Tk16 for farmers.
The Ministry of Agriculture set the price in a notice published on Monday (1 August).
The announcement came in just five days after Agriculture Minister Dr Abdur Razzaque said that Prime Minister Sheikh Hasina does not want to increase fertiliser price in the country for the sake of the country farmers despite global price hike.
At the dealer level the price has been fixed at Tk20 per kg, which was Tk14 before.
Demand for Urea this year has been estimated as 26 lakh tonnes. Of the total demand 10.5 lakh tonnes will be produced in the country's fertiliser factories, the rest will be imported.
According to the Ministry of Agriculture, 2.75 lakh tonnes of urea is needed this month for Amon cultivation.
Agriculture Minister Muhammad Abdur Razzaque on 20 July said that his ministry is trying to find alternative sources from where the much-needed Urea fertilizer can be purchased.
Mentioning that the price of locally-produced urea fertiliser is Tk19 per kg, the minister said that the price of urea fertiliser is Tk70 to Tk80 per kg globally.
