ZCZC
BSS-42
RAZZAQUE-FERTILIZER-PRICE
New DAP fertilizer price from tomorrow
DHAKA, Dec 15, 2019 (BSS) – The reduced price of the Di-ammonium phosphate (DAP) fertilizer comes into effect tomorrow.
“Prime Minister Sheikh Hasina recently has approved the new DAP fertilizer price and the proposed rate will be effective from the Victory Day on December 16,” according to a press release issued by the Agriculture Ministry here today.
Agriculture Minister Dr M Abdur Razzaque said the price cut of the DAP fertilizer will reduce the overuse of the urea fertilizer, adding that “it [price reduction] is a ‘gift’ for the farmers by the farmer-friendly Prime Minister.”
The government so far has reduced the fertilizer price for the fifth time since 2009 with the latest move of reducing the Di-ammonium Phosphate (DAP) price by Taka 9 to Taka 16 per kg from Taka 25.
On December 4, the Agriculture Minister revealed the government decision while addressing a press briefing at his ministry.
The price has been re-fixed Taka 14 per kg, instead of Taka 23, for the dealers.
For the price reduction, the government will have to give Taka 800 crore as subsidy only for DAP fertilizer.
After coming to power in 2009, the ruling Awami League repeatedly reduced the fertilizer price in phases with the latest selling price of per kg Triple Super Phosphate (TSP) dropped to Taka 22 from Taka 80, Muriate of Potash (MoP) to Taka 15 from Taka 70 and DAP to Taka 16 from Taka 90.
BSS/PR/OG/BR/1855