Bangladesh recommends TSP, MOP awards

25 June 2008 15:04  [Source: ICIS news]

LONDON (ICIS news)--Bangladesh Agricultural Development Corp (BADC) has recommended that the Agriculture Ministry makes awards under the 17 June tenders for triple superphosphate (TSP) and muriate of potash (MOP), market sources said on Wednesday.

BADC tendered for 50,000 tonnes of TSP and received offers from OCP Morocco and GCT Tunisia for 25,000 tonnes each at $1,295/tonne (€829/tonne) and $1,296.75/tonne CFRLO (cost and freight liner out) bagged Chittagong respectively.

BADC has recommended that awards are made to both suppliers at the offer prices.

A tender for 50,000 tonnes of MOP and a retender for 55,000 tonnes of MOP also closed on 17 June.

Under the tender for 50,000 tonnes of MOP, an offer was received for 25,000 tonnes from Poton Traders for Belarusian product at $1,093.70/tonne CFRLO Chittagong and another for 25,000 tonnes from Desh International for Russian product at $1,064.30/tonne CFRLO.

Under the retender for 55,000 tonnes of MOP, offers were also received from Poton Traders and Desh International for 25,000 tonnes each at $1,043.70/tonne CFRLO and $1,062.40/tonne CFRLO respectively.

BADC has recommended that an award is made to Poton Traders, backed by Belarusian Potash Co (BPC), for 30,000 tonnes at $1,043.70/tonne CFRLO under the retender.

The 25,000 tonnes offered by Desh International under the retender was considered non-responsive due to a false manufacturer’s certificate.

BADC has called for the retender of the 50,000 tonnes of MOP, which will close now on 23 July. No formal explanation of the decision to retender was given.

The Agriculture Ministry is expected to approve the awards in due course, sources said.

($1 = €0.64)

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By: Rebecca Clarke
+44 20 8652 3214



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