Pakistan issues tender to buy 50,000 tonnes of sugar -traders (updated)
16/04/2021 14:05
(Adds detail from paragraph four)
HAMBURG, April 16 (Reuters) - The Trading Corporation of
Pakistan (TCP) state agency has issued an international tender
to purchase 50,000 tonnes of white sugar, European traders said
on Friday.
The deadline for submission of price offers is April 27.
Traders said earlier on Friday that Pakistan has made no
purchase in a previous tender, for 50,000 tonnes of sugar, that
closed on Wednesday. SOF/TEND
The Pakistan government had in July 2020 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
The new tender seeks rapid shipment, with 25,000 tonnes
shipped within 25 days from the opening of a letter of credit on
the contract plus voyage time. The rest should follow 10 days
later.
The new tender seeks white sugar from worldwide origins
packed in bags.
Pakistan's cabinet on April 1 put off allowing imports of
cotton and sugar from neighbouring India until Delhi reviews its
2019 move to revoke the Kashmir region's special status.
urn:newsml:reuters.com:*:nL1N2LU12D
(Reporting by Michael Hogan
Editing by David Goodman)
((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54;
Reuters Messaging:
michael.hogan.thomsonreuters.com@reuters.net))