The government has reduced fertiliser price for the five times since 2009 with latest move to cut down the Di-Ammonium Phosphate (DAP) price by Tk 9 fixing at Tk 16 per kg from Tk 25.
“The government has fixed per kg DAP fertilizer price to Tk 16, by cutting Tk 9, from Tk 25 for farmers,” said Agriculture Minister Dr Mohammad Abdur Razzaque while addressing a press briefing at the conference room of his ministry on Wednesday, said a press release of Bangladesh Agriculture Development Corporation (BADC).The price has been re-fixed to Tk 14 from Tk 23 per kg for dealers, the minister added.
The price reduction decision will force the government to spend Tk 800 crore as subsidy only for the DAP fertilizer, said an official release citing the agriculture minister.
The decision has been taken to revise the fertilizer price for maintaining sustainable and eco-friendly food security including reduction of food production cost, motivating farmers to use balanced fertilizer and boosting plants resistance power, said Dr Razzaque.
After coming to power since 2009, the ruling Awami League has repeatedly reduced the fertilizer price in phases with the latest selling price of per kg Triple Super Phosphate (TSP) to Tk 22 from Tk 80, Muriate of Potash (MoP) at Tk 15 from Tk 70 and DAP at Tk 16 from the earlier price of Tk 90.