Urea fertilizer price hiked by Tk 6 per kg
01 August 2022, 06:45 pm | Updated: 24 November 2024, 10:31 pm
The government has increased the price of urea fertiliser by Tk 6 per kg, considering the abnormal inflation in global the global market.
The new price will be effective from Monday (August 1, 2022), according to a press release Ministry of Agriculture.
The release said that urea fertilizer will now be sold at Tk. 22 per kg, up from Tk. 16 per kg at the farmers’ level. At the dealers’ level the price has been re-fixed at Tk. 20 per kg, up from Tk. 14 per kg.
According to the release, the price of per kilogram of urea fertilizer in the international market is currently Tk 81. Despite the raise in the local market by Tk 6 per kg, the government will have to provide Tk 59 in subsidy per kg.
In 2005-2006 fiscal year, the government provided Tk 15 a kg as urea fertilizer subsidy, it said.
The price of fertilizer has shot up 3-4 times in the international market and as a result the government’s subsidies on the essential agro inputs rose by four times.
In FY2020-21, the government provided Tk 7,717 crore as subsidy in fertilizer while Tk 28,000 in FY2021-22. .
