Pakistan Invites Bids To Export 107,739 Tonnes Of Imported Sugar.
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✧ GENERATE BRIEFING
The Trading Corporation of Pakistan (TCP) has officially issued an international tender inviting bids for the sale and export of 107,739 metric tonnes of white refined sugar, drawn from government-imported stocks secured last year. The tender follows a formal directive by the Economic Coordination Committee (ECC) on August 20 to clear approximately 108,000 tonnes of state-held surplus sugar. International buyers have until September 28 to submit their commercial price offers. This inventory represents a portion of the 300,000 tonnes procured previously on the recommendation of the government’s Sugar Steering Committee, distinct from the broader commercial reserves held by domestic mills.The tender comes in response to mounting pressure from the domestic sugar industry to offload excess inventories and alleviate liquidity strain on growers and millers ahead of the upcoming crushing season. According to data from the Pakistan Sugar Mills Association (PSMA), national sugar stockpiles stood at 3.171 million tonnes as of July 31.
The Trading Corporation of Pakistan (TCP) has issued an international tender for the sale and export of 107,739 metric tonnes of white refined sugar from stocks imported by the government last year.
The deadline for international buyers to submit price offers is September 28, according to the tender. The move follows approval by the Economic Coordination Committee (ECC) on August 20 to invite bids for around 108,000 tonnes of surplus government-held sugar.
The sugar is part of the 300,000 tonnes imported last year on the recommendation of the government’s Sugar Steering Committee. The latest tender covers the remaining stock held by TCP rather than the entire surplus available in the domestic market.
The decision comes as Pakistan’s sugar industry pushes for exports to reduce excess inventories and ease financial pressure on sugar mills and growers ahead of the next crushing season.
The Pakistan Sugar Mills Association (PSMA) has estimated that the country had 3.171 million tonnes of sugar stocks as of July 31. Based on average monthly domestic consumption of about 564,196 tonnes, the association projected that around 1.197 million tonnes could remain when the next crushing season begins.
PSMA has warned that high inventories and depressed sugar prices could create a liquidity crunch for the industry and has repeatedly urged the government to permit exports of surplus stocks.
The TCP tender therefore represents a move to release part of the government-held inventory into international markets, while the broader sugar industry continues to seek permission to export its own surplus stocks.
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