ISLAMABAD, Sept 10: The Trading Corporation of Pakistan said on Saturday that it bought two cargoes of 25,000 tons of white sugar at $355 and $362 a ton, C&F Karachi. The TCP has selected Swiss-based Cargill International and Dubai-based Dhanji International to supply the sugar.

The corporation has announced plans to import 200,000 tons of sugar, and has already purchased 100,000 tons at $366/ton and 25,000 tons at $390/tonne, both from Dubai’s Al Khaleej. It has also agreed to buy another 25,000 tons from US company Worldwide Resources at $324/ton.

Pakistan has been buying sugar from international markets since January to cover a production shortfall. Apart from the TCP purchases, private Pakistani traders have finalized deals to import more than 500,000 tons of sugar.—Reuters