{
  "id": 11358884,
  "title": "Govt Fails to Find Buyers for Surplus Sugar",
  "url": "https://urgent.news/2026/10/02/govt-fails-to-find-buyers-for-surplus-sugar",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T04:33:38.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/10/02/govt-fails-to-find-buyers-for-surplus-sugar/"
  },
  "original_language": "en",
  "account": "The Trading Corporation of Pakistan (TCP) recently launched an export tender for 107,739 metric tons of white refined sugar, but no bidders responded. This was due to the government's reserve price being significantly higher than the current international market rates. The tender, opened on September 30, 2026, required the sugar to be exported on an Ex Works TCP Pipri Godown Karachi basis. The reserve price set by the government was $660 per metric ton, equivalent to Rs. 184,800 per metric ton at an exchange rate of Rs. 280 per dollar. The total reserve value for the 11 lots was Rs. 19.91 billion, or $71.1 million. The surplus sugar, which was imported last year to satisfy domestic needs, was slated for export before the onset of the next crushing season in November. The substantial discrepancy between the reserve price and the prevailing international rates of $505 to $515 per metric ton made the tender unappealing to potential exporters. Despite TCP lowering the earnest money requirement from 10 percent to 2 percent to stimulate participation, no one came forward to bid for the surplus sugar.",
  "summary": "A sugar export tender floated by the Trading Corporation of Pakistan (TCP) has received no bids, as the government’s reserve … Read More The post Govt Fails to Find Buyers for Surplus Sugar appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}