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- Lowest price offered in international tender to buy 100,000 metric tones of white sugar believed to be $539, say traders
- Traders say offers in tender from state trading agency TCP still being considered and no purchase has yet been reported
HAMBURG: The lowest price offered in the international tender to buy 100,000 metric tons of white refined sugar from Pakistan on Thursday was believed to be $539.00 a metric ton cost and freight included, European traders said in initial assessments.
Offers in the tender from the state trading agency Trading Corporation of Pakistan (TCP) are still being considered and no purchase has yet been reported, they said.
The TCP can negotiate for some time in tenders before deciding whether to purchase.
Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.