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Pakistan: Trading Corp. of Pakistan Delays Sugar Tender From Feb. 27 to March 6
Publish Date : 19-Feb-2010
Trading Corp. of Pakistan delayed the opening of a tender to import 200,000 tons of white sugar to March 6 from Feb. 27 because of a public holiday, according to Khizar Hayat, spokesman for the agency. The agency also raised the quantity in a tender scheduled to open tomorrow to 200,000 tons from 50,000 tons. The trading corporation has already raised quantity of tender opened on Feb. 15, to 200,000 tons.
Trading Corp. got six bids for the Feb. 15 tender, of which the lowest offer was for $585 a ton, Hayat said yesterday. The agency on Feb. 11 scrapped a tender to buy 150,000 tons of white sugar after a dispute with the lowest bidder. akistan requires a total 1.2 million tons to bridge a gap in supplies that has pushed prices to near a record. It plans to import 500,000 tons by June and another 700,000 tons by July.
