HAMBURG: The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 tonnes of white sugar, European traders said on Thursday.

The deadline for submission of price offers is June 25.

Rapid shipment is sought with shipment of the first 25,000 tonnes being undertaken in only 15 days plus voyage time after contract award and the rest following weekly in stages.

The sugar is sought from worldwide origins packed in bags. Tender participants must offer the full 100,000 tonnes, traders said.

The government in 2020 approved sugar imports to meet a shortage and cool local prices as production fell below consumption levels.

The TCP has issued a series of sugar purchase tenders in past months.

But in its last tender for 50,000 tonnes reported on June 4, Pakistan was believed to have made no purchase.

Published in Dawn, June 18th, 2021