Pakistan gets offers in 50,000 tonne white sugar tender –traders (updated)
14/04/2021 09:28
(Adds other offers, detail, from paragraph four)
HAMBURG, April 14 (Reuters) - The lowest price offered in an
international tender to buy 50,000 tonnes of white sugar by
Pakistan's state trading agency Trading Corporation of Pakistan
(TCP) is believed to be $520.20 tonne c&f, European traders said
in initial assessments.
It was believed to have been submitted by Al Khaleej Sugar
(AKS) for the full 50,000 tonnes.
Offers in the tender, which closed on Wednesday, are still
being considered and no purchase has yet been reported, the
traders said.
Two other trading houses were believed to have participated
in the tender, with Sucden said to have offered $531 a tonne c&f
for 25,000 tonnes and Wilmar offering $525.40 a tonne c&f for
50,000 tonnes.
A lower offer from a Turkish company was said to have been
excluded as ineligible because of incomplete bid bond, traders
said.
Pakistan's government last year approved sugar imports to
meet a shortage and cool prices after production fell below
consumption levels. urn:newsml:reuters.com:*:nL3N2EZ3TB A series of import tenders
have been issued by the TCP in recent months. SOF/TEND
Pakistan's cabinet on April 1 postponed plans to allow a
resumption of cotton and sugar imports from neighbouring India
until Delhi reviews its 2019 move to revoke the Kashmir region's
special status. urn:newsml:reuters.com:*:nL1N2LU12D
The TCP’s tender on Wednesday seeks white sugar from
worldwide origins packed in bags. Rapid shipment is sought,
starting within 25 days plus voyage time for initial volumes
followed by phased deliveries.
A previous Pakistan tender reported on March 19, for 50,000
tonnes of sugar, had ended without a purchase after only two
trading houses submitted price offers. urn:newsml:reuters.com:*:nL1N2M009X
(Reporting by Michael Hogan, editing by Kirsten Donovan)
((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))