Urea price up by Tk 6 per kg

The government has hiked the price of Urea fertiliser by Tk 6 per kilogram with effect from Monday.

The Ministry of Agriculture issued a notice in this regard on the day.

The price has been increased to keep the use of Urea at a rational lamount and due to the price hike on the global market, the notice said.

With the fresh hike, the Urea price will be Tk 20 per kg at the dealers’ level instead of Tk 14 while for the farmers, the price will be Tk 22, which was Tk 16 per kg till July 31.

The ministry said the price of per kg Urea is now Tk 81 on the international market.

Although the price has been hiked by Tk 6, the government has to provide a subsidy of Tk 59 per kg of fertiliser.