16 July 2008 12:15 [Source: ICIS news]
LONDON (ICIS news)--Reports that Bangladesh is facing widespread shortages of phosphate fertilizers have been strongly denied by local traders on Wednesday.
"There is no shortage of product," said one major importer.
"What has happened is that Bangladesh’s Ministry of Agriculture has not given permission to move product from customs warehouses to the farmer."
Local press reports had earlier described the shortage of fertilizer at the farmer level as potentially disastrous for the country’s agricultural sector, exacerbated by high fertilizer prices.
The requirement for triple superphosphate (TSP) from mid-July to September was estimated at over 90,000 tonnes, but field-level stocks were reportedly just 16,000 tonnes.
"We have 120,000-190,000 tonnes of Chinese TSP sitting in warehouses," said the importer.
"This is a bureaucratic problem," he added.
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