Pakistan invites fresh bids to export 108,000 tonnes of sugar without reserve price
Pakistan’s Trading Corporation has invited fresh bids to export 108,000 tonnes of imported refined sugar after its September tender attracted no offers due to a $660-per-tonne reserve price. The new tender removes the reserve price, with bids due November 13 and successful buyers given 90 days to lift stocks.
Pakistan’s Trading Corporation (TCP) has invited fresh international bids for the export of 108,000 tonnes of imported refined sugar, removing the reserve price after its first tender failed to attract any offers, Business Recorder reported.
The second tender follows federal government approval to export surplus sugar stocks currently stored at TCP’s Pipri Godown in Karachi. The first tender, issued in September, received no bids as the minimum reserve price of $660 per tonne was considered too high.
The available stock includes 96,000 tonnes of fine-grain sugar and 11,086 tonnes of medium-grain sugar. Bidders can offer prices for either or both varieties, with a minimum lot size of 10,000 tonnes for fine-grain sugar and 11,086 tonnes for medium-grain sugar, respectively.
TCP has set November 13 as the deadline for bid submission, with opening scheduled for 11:30 am. A pre-bid meeting will be held on November 11.
Bidders must quote separate prices in US dollars per tonne on an Ex-Works basis, with buyers responsible for loading, transportation, applicable taxes and other charges. Payment must be made either in full in foreign currency in advance or through an irrevocable Letter of Credit payable at sight.
Successful buyers will have up to 90 days from acceptance of their bids to lift the allocated quantities. TCP may levy storage and demurrage charges for delays beyond the stipulated period.
The sugar stocks were inspected and tested by Bureau Veritas in September 2026. Prospective buyers can inspect the stocks at the Karachi warehouse before the bidding deadline.
TCP has reserved the right to distribute the available quantities among multiple successful bidders or reject any or all offers.
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Source : ChiniMandi
