$2.56bn fertilizer deal

Singapore’s Aditya Birla Global Trading Pvt Ltd has been awarded a contract by Krishi Samagri Company Limited to supply 25,000 tonnes of DAP fertilizer to Nepal. The contract is valued at approximately Rs 2.56bn. Aditya Birla Global Trading Pvt Ltd will deliver the fertilizer to the locations of Birgunj, Biratnagar, and Bhairahawa.

As of Oct 15, 155,689 tons of fertilizer have been imported, according to the Ministry of Agriculture. For the current financial year, the government has allocated a budget of around Rs 28bn to import 500,000 tons of chemical fertilizers.