AAPI 8th Quarterly Report Jul-Sept 2012

used to calculate the value of urea saved. Therefore, while the urea saving is below target the
big price differential delivers a value of urea saved as $3.2 million against a target of
$2.84 million (113 percent).
GOB Saving on Urea Subsidy
The CA targets assumed a price of urea as $340/mt and a dealer price of $145, 17
resulting in a subsidy of $195/mt. Since the price increase on June 1, 2011, the government
has held the dealer price of urea at Tk 18,000 (221.54)/mt. 18 For this quarter, assuming an
open market price of $562.5/mt, the subsidy amounts to $340.96/mt. Using such data Table 2
calculates the reduction in subsidy through using Guti urea (as saving to GOB) in the Aus
season to be US $1.94 million against the target of US $1.63 million. As for value of urea
saved, the achievement was attributed to the large price differential between GOB price and
market price for urea, providing a large subsidy per metric ton.
Average Incremental Value per Hectare
The average incremental value per hectare is a custom indicator. It is estimated by
dividing the total incremental rice value by the total UDP area. In Aus season the components
in its calculation are all down due to the drought.
Farmers Trained
Farmer training this quarter was for the Aman season. A total of 116,583 farmers
completed training under the AAPI project during the quarter. Table 13 shows 83,360 were
men and 33,223 were women (28 percent). As reported last quarter, there were also 39
batches of farmer training for Aman farmers in the last two weeks of June. All of the farmers
trained were “new recruits” with no prior experience with FDP technology.
FDP Machines in Operation
During the quarter 125 machines were sold against a target of 90. This was in
preparation for the Aman season. The cumulative figures in Table 2 show the project is well
ahead of target (827 machines sold to September against a target of 660). The 208 machines
supplied under ILSAFARM are also in operation. Appendix 6 lists the numbers and their
production by upazila.
17 Dealer price of Tk 10/kg at exchange rate of $1 = Tk 69.
18 Dealers generally markup TK 2/kg, resulting in a farmer price of Tk 20/kg.
20