What happened
FactSikko Industries entered into a three-year Memorandum of Understanding with Operation Wealth Creation, a Presidential initiative of the Government of Uganda, to supply Organic Fertilizer Granules (Bio NPK). The programme contemplates 50,000 MT in Year 1 at a firm rate of USD 138.96 per MT, with Years 2 and 3 subject to annual price reviews, approvals and ordering processes.
165,500 MTThree-year planned quantity
Total contemplated supply across Years 1 to 3
USD 22,997,880.00Three-year indicative value
Total value stated in the filing
50,000 MTYear 1 quantity
Initial planned supply quantity
USD 6,948,000.00Year 1 value
Value at the firm Year 1 rate
USD 138.96 per MTYear 1 rate
Firm supply rate for Year 1
55,000 MT; USD 7,642,800.00Year 2 quantity and indicative value
Planned quantity and value at the Year 1 rate
60,500 MT; USD 8,407,080.00Year 3 quantity and indicative value
Planned quantity and value at the Year 1 rate
50% advance and 50% by irrevocable letter of credit at sightContemplated payment structure
Applies only if expressly approved in an annual supply contract