HAMBURG: The Trading Corporation of Pakistan (TCP)hasissuedanewinternational tender to purchase 200,000 tonnes of white sugar, European traders said on Monday.

The deadline for submissionof priceoffersisSept20.

The TCP has issued a series of sugar purchase tenders in past months to improve local supplies and cool prices. In its last tender in August, the TCP also purchased 200,000 tonnes.

The government had in 2020 approved sugar imports to meet a shortage as production fell below consumption levels.

Rapid delivery is sought in the new tender with shipment of the first 25,000 tonnes being undertaken in only 15 days plus voyage time after opening of a letter of credit on the contract.

All the sugar purchased should arrive in Pakistan by November 10.

The sugar is sought from worldwide origins packed in bags.-Reuters