In response to the Trading Corporation of Pakistan's urea import tender, some seven international suppliers have evinced interest to supply the commodity at a price ranging from $ 301.70 to $ 309.91 per metric tons. Sources told Business Recorder on Friday that so far no decision has been made on the urea import tender as bids validity is for 13-day and the price evaluation committee is evaluating the received bids.
Following the directives of the cabinet's Economic Coordination Committee (ECC), on April 17, 2019, state-run grain trader invites bids for supply of 100,000 metric tons (10 percent more or less at seller's option) urea fertiliser granular (prilled or both) in bulk through import from worldwide sources on Cost and Freight (C&F) basis to avoid shortage in the country.
According to TCP, an international urea import tender for the supply of 100,000 metric ton was opened on Friday. Nine international bidders/suppliers participated in the tender and quoted prices ranging from $ 301.70 to $309.91 per metric ton. Out of nine bidders, two participants i.e. M/s Quantum and M/s Keytrade submitted regret letters.
The lowest bid was submitted by M/s Ameropa Asia, which offered to supply 100,000 tons of urea at $ 301.70 per metric tons. The lowest bid is responsive and according to the tender's prescribed terms and conditions; therefore, it seems most likely the price evaluation committee would finalise the deal with the first lowest bidder.
According to the tender's details made available to Business Recorder, M/s Sumsung was the second lowest bidder, which offered to supply at $ 303.56 per metric ton.
M/s Agrifert Liven quoted a price of $ 303.75 per metric ton, M/s Midgulf $ 304.95 per metric ton, M/s Aries $ 304.97 per metric tons, M/s Megabills $ 308 per metric ton and M/s Dreymoor agreed to supply the required quantity at $309.91 per metric tons.
As per new tender terms and conditions, urea to be supplied strictly in accordance with the standards and specifications prescribed by Pakistan Standards & Quality Control Authority (PSQCA) and Import Policy Order. Unloading and transportation of imported urea will be handled by National Fertiliser Marketing Limited.
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