TCP receives six bids for import of 200,000 tons of sugar

Trading Corporation of Pakistan (TCP) received six bids for the import of 200,000 tons of sugar, which were higher than the previous tender, reported 24NewsHD TV channel on Friday

The Trading Corporation of Pakistan also issued a detailed report about the bidding.

The report stated that the lowest offer in Pakistan’s international tender to purchase 200,000 metric tonnes of sugar is believed to be $560 a metric ton cost and freight included (C&F0000).

The Trading Corporation of Pakistan (TCP) reviewing the bids submitted in the tender, and no final purchase has been confirmed yet.

The TCP can negotiate for several days in tenders before deciding whether to purchase.

Trading firm Bare Syndicate FZCO UAE submitted the lowest bid, offering small-grade sugar at $560 per ton. The company also proposed medium-grade sugar at $580 per ton, with a combined volume offer of 187,000 tonnes. 

Three other bidders each offered 25,000 tonnes of small grade sugar: Sucden at $579 per ton, Dreyfus at $581.50, and Cofco at $592 per ton C&F.

ED&F Man offered two separate bids for small grade sugar: 32,000 tonnes at $579 per ton and 27,400 tonnes at $569 per ton C&F.

Al Khaleej Sugar reportedly offered 60,000 tonnes of small grade sugar at $572.30 per ton and 30,000 tonnes of medium-grade at $582.30 per ton C&F.

The TCP tender is requesting price offers for fine, small, and medium-grade sugar, all scheduled for delivery in Pakistan by October 31.

It is necessary to mention here that prior to this, TCP opened a tender to import sugar 1,00,000 on August 11, 2025.

The TCP received five bids, but later one bidder withdrew its bid.

The Pakistani government has approved the import of 500,000 tonnes of sugar in a move to stabilize domestic prices following a sharp increase in retail sugar rates.

The government announced a tax and duty exemption on the import of sugar.

Reporter: Waqas Azeem