KARACHI, Nov 10: The Trading Corporation of Pakistan has floated 6th tender for the local sale of 100,000 tons of sugar from its stocks to ease prices. According to a TCP official here on Thursday, the bidding would be held on November 14 at the TCP head office. About 50,000 tons of sugar will be sold from the imported stock, while 50,000 tons from its buffer stock maintained at various mills in Punjab and Sindh.
The TCP has imported a sufficient quantity of sugar early this year. Besides, the corporation was holding a stock of about 300,000 tons procured from the sugar industry last year and stored at mills.
It is interesting to mention here that sugar prices have started moving up again after Eid, despite efforts of the TCP to maintain supply in the market and to the USC.—APP
