HAMBURG: Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 100,000 tonnes of white sugar, European traders said on Wednesday. The tender closes on Sept. 8. The sugar is sought from worldwide origins.
Traders said Pakistan is believed to have made no purchase in a previous tender for 300,000 tonnes of sugar which closed in August.
The Pakistani government on July 28 permitted the import of 300,000 tonnes of sugar to meet a shortage as local production fell below consumption levels.
The sugar in the new tender is sought in bags. Offers must be made for at least 25,000 tonnes.
Shipment of the first 25,000 tonnes is sought in containers or breakbulk shipping within two weeks of a letter of credit being opened on the purchase, traders said.
All of the sugar purchased should be delivered by Oct. 25 to the port of Karachi.
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