ECC calls tenders for sugar export of 108,000 tonnes
ISLAMABAD: Taking a cautious approach given domestic sensitivities, the Economic Coordination Committee (ECC) of the Cabinet on Wednesday stopped short of formally allowing sugar export and instead decided to call international export tenders for 108,000 tonnes. “A formal decision for sugar export would depend on the price we get through tenders and would be taken by the federal cabinet,” a…
Islamabad - The Economic Coordination Committee (ECC) of the Cabinet opted for a cautious approach by not formally approving sugar exports, instead opting to invite international tenders for 108,000 tonnes of the commodity. A senior official stated that a formal decision would hinge on the price obtained through tenders and would be made by the federal cabinet.
The minimum timeframe for an international tender should be at least 30 days, bringing the final decision close to the upcoming crushing season. This move aimed to maintain domestic price stability, following several previous export-import cycles that had caused political fallout for the government. The ECC reviewed a summary from the Ministry of National Food Security and Research, which sought authorization to call for international tenders for the 108,000 tonnes of sugar currently held by the Trading Corporation of Pakistan (TCP).
This stock represents the remaining 108,000 tonnes of the 300,000 tonnes imported last year, approved by the Steering Committee on Sugar. The ECC emphasized that the international tender process would strictly follow the PPRA Rules 2004.
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