Last year Kafco produced 528,235 tons of ammonia, of which 348,405 tons were utilised in the production of 600,397 tons of urea, the AGM was told.

The production volumes represent new records for the company for both products, says a press release.

Of the 180,000 tons of ammonia exported, the vast majority was sold to India. The destinations for the company's urea included global premium markets such as North America, Europe, Australia, New Zealand and Thailand.

Kafco also ensured that Bangladesh Chemical Industries Corporation (BCIC), which procures urea on behalf of the government, was provided with an uninterrupted supply of over 200,000 tons of granular urea in bags for local consumption meeting peak seasonal demand, the release added.