Pakistan tenders to buy 100,000 tons of sugar, European traders say

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

The deadline for price offers is September 8.

The state agency’s announcement is believed to indicate that no additional purchases were made in the TCP’s previous tender for 200,000 tons of sugar during negotiations this week, with only 30,000 tons bought.

Pakistan’s government has approved plans to import 500,000 tons of sugar to help to maintain price stability after retail sugar prices rose sharply.

Traders say that 135,000 tons have been bought in recent tenders.

Pakistan tenders to buy 100,000 tons of sugar, European traders say

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