HAMBURG: The Trading Corporation of Pakistan (TCP) has issued a new international tender to purchase 200,000 tonnes of white sugar, European traders said on Thursday.

The deadline for submission of price offers is Aug 24.

The TCP has issued a series of sugar purchase tenders in past months to improve local supplies and cool prices.

The Pakistani government had in 2020 app­r­oved sugar imports to meet a shortage as production fell below consumption levels.

Rapid shipment is sought with shipment of the first 25,000 to 30,000 tonnes being undertaken in only 15 days plus voyage time after the contract award.

The rest should be shipped in stages with all the sugar arriving in Pakistan by Nov 10, 2021.

Published in Dawn, August 13th, 2021