The Trading Corporation of Pakistan (TCP) has received several offers in its latest international tender to purchase 100,000 metric tons of white sugar. The lowest bid was reportedly $534.75 per ton, cost and freight included. Traders revealed that the offers are still under review, and no purchase has yet been finalized. This tender is part of Pakistan’s efforts to address rising sugar prices and ensure adequate supply ahead of increasing domestic demand.
In recent months, retail sugar prices in Pakistan have seen a sharp surge, prompting the government to approve the import of 500,000 metric tons. By initiating multiple tenders, including this latest one, TCP aims to stabilize prices in local markets and avoid potential shortages. The evaluation process typically spans several days as TCP negotiates with suppliers to secure the most competitive terms while maintaining quality standards for the imported sugar.
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Among the bidders, global trading house Dreyfus reportedly offered the lowest price for 25,000 tons of small-grade sugar. Three additional trading companies also submitted competitive offers, providing a mix of small and medium-grade sugar at varying price levels. These proposals will now undergo thorough examination to determine which bids align best with Pakistan’s import strategy and delivery timelines.
Al Khaleej Sugar proposed 30,000 tons of medium-grade sugar at approximately $568.50 per ton, along with an additional 60,000 tons of small-grade sugar priced at $558.50 per ton. Similarly, Sucden Middle East offered 25,000 tons of small-grade sugar at $544.00 per ton, while ED&F Man submitted a bid for 50,000 tons of small-grade sugar priced at $559.00 per ton. These figures may still be updated as negotiations progress.
The tender requires shipment schedules ensuring all sugar arrives in Pakistan by November 7. Moreover, TCP’s conditions specify that the sugar must be sourced from any country worldwide, excluding India, Israel, or other nations under sanctions. With several strong offers on the table, Pakistan is now positioned to finalize its purchase and secure sugar supplies to support domestic markets and stabilize retail prices before the year’s end.