HAMBURG: Pakistan’s tender to buy 300,000 tonnes of wheat closed on Monday with the lowest offer believed to be $398.92 a tonne c&f, European traders said in initial assessments.

Only one trading house, Agrocorp, was believed to have submitted offers. The state-run Trading Corporation of Pakistan (TCP) is still considering the offers and no purchase has been reported, traders said.

Agrocrop offered the $398.92 a tonne c&f for 115,000 tonnes of wheat for shipment to the port of Karachi and also $409.92 a tonne c&f for 100,000 tonnes for shipment to Gawadar port, traders said. Uncertainly about changed terms in the tender was a reason for low participation, traders said.

Rapid wheat shipment is sought in October and offers had to be for at least 100,000 tonnes.

Published in Dawn, September 27th, 2022