KATHMANDU, JANUARY 4

There has been a delay in import of fertilisers the Nepal government has purchased from Bangladesh.

It has been 18 days since an agreement between the governments of Nepal and Bangladesh for Nepal to purchase 50,000 metric tonnes fertilisers was reached.

In this regard, Nepal has already sent a letter of credit (L/C) to the government of Bangladesh. There has been a delay from Bangladesh in supplying fertilisers although Nepal has completed all the process, said the Agriculture Inputs Company Ltd (AICL).

The AICL has sent a draft of the opening of L/C in Siddhartha Bank to Bangladesh, said Managing Director of AICL, Netra Bahadur Bhandari.

“We have received information that Bangladeshi officials are studying the L/C sent by us. The process to supply fertilisers will begin once Bangladesh approves the LC. There has been a delay from the side of Bangladesh,” he said.

As per the pact, the supply should begin within 10 days of issuance of L/C and completed within two months.

The government of Nepal is importing 50,000 metric tonnes of fertilisers from Bangladesh. The supply cost is $259.195 per metric tonne, which is an around $18 per metric tonne cheaper as compared to the existing supply rate.