ISLAMABAD: Pakistan has invited international buyers to submit bids for the export of 107,739 metric tonnes of white refined sugar as the country moves to manage excess domestic stocks.
The Trading Corporation of Pakistan (TCP), the state-run trading agency, has issued an international tender for the sale and export of the sugar, according to European commodity traders.
Interested buyers have been given until September 28 to submit their price offers. The tender is aimed at disposing of sugar stocks that were previously imported into Pakistan.
Traders said the move comes as the country seeks to reduce a domestic surplus following substantial sugar imports during the previous year. The accumulation of stocks has increased the need for authorities to find additional markets for the commodity.
The proposed export could help reduce pressure on domestic inventories by moving part of the surplus to international markets. It may also help authorities manage the balance between available supplies and local demand.
The tender reflects the government’s efforts to manage sugar stocks after large quantities were imported to meet domestic supply requirements. With inventories now remaining above immediate domestic needs, the authorities are looking towards overseas buyers to absorb part of the available stock.
The TCP will evaluate the price offers submitted by the September 28 deadline before deciding on the sale. Details regarding the successful bidder, export schedule and shipment arrangements are expected to be announced after the tender process is completed.
Pakistan’s sugar market has remained under close government scrutiny because of concerns over domestic prices, supply availability and the impact of import and export decisions on consumers.
The latest tender is therefore part of broader efforts to manage sugar inventories and address the surplus through international trade.
