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Fertilizer from Bangladesh to Arrive in Two Weeks

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Fertilizer from Bangladesh to Arrive in Two Weeks
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December 28: Chemical fertilizer purchased by the government from Bangladesh will arrive in Nepal in about two weeks' time.

Nepal had signed an agreement with Bangladesh to purchase the fertilizer on December 17 under G2G deal.

The Nepali delegation that returned back from Bangladesh after signing the deal have already started the process of opening Letter of Credit (LC), according to the state-owned national news agency RSS.

The Agriculture Inputs Company Limited, which has been given the responsibility of importing the fertilizer, reportedly sent a letter to Siddhartha Bank to open an LC.

According to Netra Bahadur Bhandari of Agriculture Inputs Company Limited, the purchase of fertilizer will start within 15 days after both the countries open LCs.

“We are assured of brining fertilizer from Bangladesh after signing the agreement. We are trying to fast-track the process as much as possible,” said Bhandari, adding that the first lot of fertilizer will arrive in about two weeks.

Bhandari informed that the Nepali delegation signed an agreement with Bangladesh to import the fertilizer at the rate of US$ 251.2 per metric ton.

 

 

 

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