Import of 75,000 metric tons sugar: TCP awards tender to Cargill International

The Trading Corporation of Pakistan has awarded tender for import of 75,000 MT sugar to the lowest bidder - Cargill International. In pursuance of the Economic Co-ordination Committee of the Cabinet decision, the TCP is importing sugar for price stabilisation with a view to providing relief to common man.
The process is under way and the TCP has awarded a quantity of 75,000 MT at $591.00 PMT C&F to the lowest bidder, M/s. Cargill International SA Switzerland conforming to all technical specification of PSQCA and tender terms & conditions. Seven bidders participated in the tender and prices quoted by them ranged between $591.00 to $649.70 C&F, which is in line with current international sugar prices. The shipment process is starting from April 21, 2010 and around 77,225 MT sugar is expected to arrive by the end of this month.