Trading Corporation of Pakistan gets offers in wheat tender
HAMBURG: The lowest price offered in a tender from Pakistan to purchase and import 185,000 tonnes of wheat that closed on Monday was believed to be $339.36 a tonne, cost and freight (c&f) included, European traders said in initial assessments. The offer was believed to have been submitted for around 60,000 tonnes by trading house Bunge, they said. The state agency Trading Corporation of Pakistan…
Hamburg traders have reported that the lowest bid in a recent wheat tender from Pakistan was $339.36 per tonne, including cost and freight. The offer reportedly came from trading firm Bunge, for up to 60,000 tonnes. The Trading Corporation of Pakistan (TCP) is still evaluating the bids and has not yet made a purchase. A decision on the matter is anticipated within the next few days.
However, the tender arrives during a challenging period for importers, as fighting has disrupted Black Sea exports of Russian and Ukrainian wheat, making alternative sources more costly.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
