Kathmandu, January 4
There has been a delay to import fertilisers the Nepal government has purchased from Bangladesh.
It has been 18 days since an agreement between the governments of Nepal and Bangladesh for the purchase 50,000 metric tonnes of fertilisers was signed. Following that, Nepal has already sent a letter of credit (LC) to the government of Bangladesh.
There has been a delay from the side of Bangladesh in supplying fertilisers although Nepal has completed all the process in this regard, says the Agriculture Inputs Company Ltd.
The company has sent a draft of the opening of LC in Siddhartha Bank to Bangladesh, said the company’s managing director, Netra Bahadur Bhandari.
“We have received information that Bangladeshi officials have been studying the LC sent by us. The process to supply fertilisers will begin once Bangladesh approves the LC and nods,” he says, “There has been a delay from the side of Bangladesh.”
As per the agreement, the supply should begin within 10 days of the issuance of LC and complete within two months.
The government of Nepal is importing 50,000 metric tonnes of fertilisers from Bangladesh. The supply cost is USD 259.195 per metric ton, which is an around USD 18 cheaper per metric ton as compared to the existing supply rate.