Pakistan’s TCP Floats Tender for Sugar Imports

The Trading Corporation of Pakistan (TCP), a state agency, has launched an international tender to procure and import between 300,000 and 500,000 metric tons of refined white sugar, according to sources.

The deadline for submitting price quotations is set for July 18. The Pakistani government had sanctioned plans on July 8 to import 500,000 tons of sugar with the goal of stabilizing domestic prices.

Market observers have noted a significant increase in retail sugar prices across the country since the beginning of the year.

The tender specifies that sugar should originate from any global source and must be packaged in bags, with a minimum offer size of 25,000 tons.

According to traders, the TCP retains the discretion to adjust the purchase volume above or below the tendered amounts. The required shipment schedule involves multiple consignments, with loading commencing in August.

The entire purchased quantity is mandated to arrive in Pakistan no later than September 30.