https://arab.news/n74cm
- Government has approved imports of 500,000 tons to stabilize prices after retail surge
- Sugar for the new tender can be sourced from any country other than India and Israel
HAMBURG: The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 metric tons of white refined sugar, European traders said on Thursday.
The deadline for price offers is September 8.
The state agency’s announcement is believed to indicate that no additional purchases were made in the TCP’s previous tender for 200,000 tons of sugar during negotiations this week, with only 30,000 tons bought.
Pakistan’s government has approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply.
Traders say that 135,000 tons have been bought in recent tenders.
In another sugar tender reported on August 14, the TCP bought 105,000 tons but some other tenders in July and August ended without purchases.
The TCP’s latest tender seeks price offers for fine, small and medium-grade sugar, with shipment for arrival of all sugar by October 31.
The sugar for the new tender can be sourced from any worldwide origin excluding India and Israel or other sanctioned countries.