Pakistan state agency issues tender to buy 100,000 metric tons rice for supply to Bangladesh, traders say
- The rice must be available for shipment within 45 days calendar days after the contract award
HAMBURG: The Trading Corporation of Pakistan (TCP), Pakistan’s state agency, has issued a tender to purchase 100,000 metric tons of rice for supply to Bangladesh, European traders said on Monday.
The deadline for submission of price offers is November 28. Bangladesh also announced another rice tender on Monday, continuing a series of import tenders in the last few weeks to cool local prices.
The tender seeks long grain white rice.
Price offers have to be valid for 21 working days after submission.
The rice must be available for shipment within 45 days calendar days after the contract award.
Traders regarded the tender as a possible move to bring Pakistani rice into Bangladesh’s import supplies, with market expectations that Indian-origin rice will be used to supply some recent purchases by Bangladesh.
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