Business
Markets
Bangladesh enters world fertilizer market to sustain its supply chain
The country is exploring strategic moves to ensure the availability of agricultural inputs.
The country is exploring strategic moves to ensure the availability of agricultural inputs.
Industry experts fear trade rerouting and new inflationary pressures, particularly impacting DAP fertilizer manufacturing.
Eight brands of complex water-soluble fertilizers, ammophos and diammonium phosphate were awarded.
In the 2022-2023 period, fertilizer exports from Russia exceeded $3 billion.
Investments to the project may reach $355 million.
Other suppliers are only trying to catch up.
Duties won't be abolished.