HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of white sugar on Monday was believed to be $539.00 a metric ton, cost and freight (c&f) included, European traders said in initial assessments.
Offers in the tender from state trading agency Trading Corporation of Pakistan were still being considered and no purchase had been reported yet, they said.
Pakistan’s government last month approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply.
The lowest offer was said to have been submitted by trading house ED&F Man for 50,000 tons of fine-grade sugar sourced from any origin.
There were reportedly three other participants in the tender.
