Pakistan receives bids to supply rice to Bangladesh
Pakistan’s TCP has received multiple bids to supply 100,000 tons of rice to Bangladesh, with the lowest offer at $394.95 per ton (CIF liner out). No purchase has been finalised as technical and financial reviews continue. Traders expect competitive bidding to influence pricing, exports, and regional market dynamics.
Pakistan’s Trading Corporation of Pakistan (TCP) has received offers to supply 100,000 tons of rice to Bangladesh. No purchase has been confirmed yet, and officials are still evaluating the bids. Traders say multiple domestic and international suppliers have participated in the tender.
European traders report that the lowest offer so far is $394.95 per ton on CIF liner out terms. This price includes cost, insurance, freight, and unloading at a Bangladeshi port. TCP issued the tender to meet Bangladesh’s rising demand for rice and secure timely shipments.
The tender highlights Pakistan’s role as a major rice exporter in the region. Analysts say the bids could influence both countries’ rice markets and stabilize regional supply. The final decision will depend on technical and financial evaluations of all proposals.
TCP has not issued any official confirmation about purchases. Market watchers say volumes, prices, and supplier selection may still change. Some traders also note that competitive bidding could help lower export costs.
Officials and experts continue to monitor developments closely. They expect a decision in the coming days, which may determine export volumes, trade revenues, and future opportunities for Pakistani rice exporters.
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Source : Daily Times
