Pakistan Reduces Sugar Import Tender to 50,000 Tons Amid Rising Prices
Pakistan’s Trading Corporation of Pakistan (TCP) has made a significant change to its sugar import tender. The country has reduced the volume of white refined sugar it plans to buy, cutting the amount from 300,000–500,000 metric tons to just 50,000 metric tons, according to a report by Reuters.
The deadline for price offers has also been extended. Instead of the original deadline of July 18, companies now have until July 22 to submit their bids.
Under the new plan, Pakistan will receive two shipments of 25,000 tons each. These consignments will be delivered between August 1 and August 15, with the full amount of sugar expected to reach Pakistan by August 30.
Earlier in July, the Pakistani government approved an import of 500,000 tons of sugar. This was part of an effort to stabilize the country’s domestic sugar prices, which have risen sharply since January.
