TCP receives lowest bid for sugar import
TCP receives lowest bid for sugar import
In response to Trading Corporation of Pakistan’s tender for import of 200,000 tons white refined sugar, seven international suppliers have shown interest in supplying the commodity at price ranging between $724.95-820.50 per ton (C&F). The tender was opened at the Corporation’s head office, in which some seven international bidders participated.
The Corporation received lowest bid of Agrocorp, which agreed to supply 100,000 tons of sugar at a price of $724.95 per ton in break bulk shipment. Agrocorp is a pre-qualified supplier and many a time has participated in the bids of TCP. The second lowest bid was received from Sucden through its local agent, which quoted two different prices for the supply of 50,000 tons of sugar ie $749.70 per ton for break bulk shipment and $774.70 per ton for containerised shipment.
Al-Khaleej Sugar Company Dubai, through its agent United Resources Corporation, Karachi has shown interest in supplying 150,000 tons of sugar in break bulk at $755.70 per ton and a quantity of 50,000 tons at $750.70 per tons in containerised shape. Cargill International SA Switzerland offered to supply a quantity of 50,000 tons of commodity at $762 per ton in break bulk shipment.
Louis Dreyfus Trading Company offered a price of $815.70 per ton for the supply of 75,000 tons sugar in break bulk and another quantity of 25,000 tons at $810.70 per ton in containers. ED&FMan through its local agent participated in the tender with an offer of $784.50 per ton for the supply of 50,000 tons in break bulk and containerised shape.
The most expensive bid was received from Glencore, which is keen to supply 50,000 tons of sugar in break bulk at a price of $820.50 per ton and $815.50 per ton for containerised shipment. Sources said the TCP is studying the details submitted by the bidding parties and the Price Evaluation Committee will meet on Monday to finalise the tender