Russia offers Bangladesh $10 discount on each tonne of urea

Russia wants to supply urea fertiliser to Bangladesh at a price $10 lower per tonne than that offered by other supplying countries to help meet domestic demand.

Russian Chargé d'Affaires in Bangladesh Vyacheslav Sentyurin made the proposal today at a meeting with Commerce Minister Khandakar Abdul Muktadir at the latter's office at the Secretariat in Dhaka.

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The diplomat also said that Russia's JSC FEC Prodintorg wants to supply 280,000 tonnes of urea to Bangladesh through the Bangladesh Chemical Industries Corporation, according to a statement from the commerce ministry.

The implementation of the proposal may ensure a continued supply of the fertiliser at a lower price.

At the meeting, Russia also expressed interest in supplying sunflower oil, yellow beans, chickpeas, red lentils and green lentils to Bangladesh as part of efforts to strengthen food security.

Muktadir appreciated Russia's cooperation in ensuring the regular supply of wheat and muriate of potash to Bangladesh.

Every year, Bangladesh needs approximately 26 lakh to 27 lakh tonnes of urea, while the country has 6.2 lakh tonnes in stock as of July 23 this year, according to Agriculture Ministry data.