An ⁤international ‍tender issued by Pakistan’s Trading Corporation of Pakistan (TCP) to procure 100,000 tonnes of sugar ‌closed on Monday, October 7, 2025. Initial assessments from European traders indicate a lowest offered price of‌ $533 per tonne, cost and freight ⁢(c&f) included.

Negotiations Underway

While offers are currently under ‌consideration, ⁤the TCP has not yet reported ⁤any purchases. The corporation is expected⁤ to⁢ engage in several days of negotiations ⁤with‌ bidders before making a final decision,a standard practice ⁣in ‍their tender⁢ processes.

Focus on Small/Medium Grade Sugar

This tender specifically seeks‌ small/fine or medium grade sugar as part of a ‌broader strategy to increase ⁣national supplies and moderate local‍ sugar prices. Pakistan is aiming for all deliveries to arrive by November⁢ 15, 2025, ensuring ⁣timely​ stock ⁢replenishment.

ED&F Man Submits Lowest Bid

Trading house ED&F Man reportedly submitted the most competitive bid,offering 29,500 tonnes‍ of small grade sugar at the aforementioned⁤ $533/tonne c&f price. They also presented a second offer of $549 a tonne c&f for an additional 25,000 tonnes of small grade sugar.At⁢ least two othre trading houses also participated in the bidding ​process.

The outcome of these negotiations will‌ be closely watched by market participants as ⁣Pakistan seeks to secure‍ sufficient sugar supplies to meet domestic demand and stabilize prices.