ISLAMABAD – Pakistan’s state trading agency, the Trading Corporation of Pakistan (TCP), has received offers in response to its fresh international tender to procure 100,000 metric tonnes of white refined sugar. The move follows the government’s approval earlier this month to import 500,000 tonnes to stabilise rising domestic prices.
European traders report that the most competitive price offered so far stands at $539 per tonne, including cost and freight (c&f). Although this appears to be the leading bid, TCP is still reviewing offers and has not confirmed any purchase decision at this time.
The current tender comes after a prior one, issued on July 31, which saw minimal response, pointing to logistical or pricing concerns among potential suppliers. The new invitation seeks both fine and medium-grade sugar from worldwide sources—excluding suppliers from India and Israel—packaged in bags and delivered either via ocean containers or as breakbulk.
Delivery schedules have been established with care: salvage shipments are slated for September 1–15 and September 10–25, while containerised shipments are expected between September 1 and 20. The TCP aims for all sugar to arrive before October 20, ensuring timely replenishment to ease public pressure over price spikes affecting consumers across the country.
This story has been reported by PakTribune. All rights reserved.