HAMBURG: The lowest price offered in the tender from Pakistan to purchase 300,000 tonnes of wheat which closed on Tuesday was believed to be $332.44 a tonne c&f, European traders said.

The state-run Trading Corporation of Pakistan (TCP) is still considering the offers and no purchase has been reported, traders said.

The lowest offer was said to have been submitted by trading house Dreyfus for wheat sourced from either Russia, Ukraine or the European Union.

The lowest offer was believed to have been made for 100,000 tonnes.

Sugar bids

Meanwhile, the TCP received lowest bid of $540.10 tonne c&f, to buy 50,000 tonnes of sugar.

It was believed to have been submitted by Al Khaleej Sugar for the full 50,000 tonnes.

Published in Dawn, March 3rd, 2021