https://arab.news/ncpzu
- Offers had been submitted on October 6, no purchase has yet been reportedÂ
- TCP can negotiate for several days in tenders before deciding whether to purchase
HAMBURG: Pakistan has asked for price offers in an international tender to buy up to 100,000 metric tons of sugar to remain valid until Tuesday, October 14 while offers are considered further, European traders said on Monday.
No purchase has yet been reported, traders said. Traders said they believed a purchase in the tender was looking increasingly unlikely.
Offers had been submitted on October 6. The TCP can negotiate for several days in tenders before deciding whether to purchase.
Pakistan’s government has approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices in the country rose sharply.
TCP held a series of sugar tenders in past weeks with the last purchase of 80,000 tons reported on September 29.