Sugar procurement for Tajikistan export: TCP seeks commerce ministry’s guidelines | Business Recorder

Posted: January 26, 2013 in Economy and Resources, Environment, Geography, Region, Resources, Tajikistan

The Trading Corporation of Pakistan (TCP) is seeking guidelines from the ministry of commerce for procuring 30,000 tons of white powdered sugar for Tajikistan, as bids quoted prices higher than the already agreed price between the two countries.

Sources told Business Recorder on Tuesday that TCP was facing difficulties procuring the sugar after domestic mills offered to supply powdered sugar at a minimum price of Rs 63,400 per ton (which works out to $653 per ton) against officially agreed price of $528 a ton.

On August 14 last year, Pakistan and Tajikistan struck a sugar export deal in the presence of Nurmahmad Akhmedov, the Chairman of Tajikistan’s Agency on State Material Reserves and Commerce Minister Makhdoom Amin Fahim. During the meeting, it was also decided that the sugar would be exported via -TCP at a discounted rate to facilitate Tajikistan.

As per initial discussions, Pakistan had agreed to supply 30,000 tons of sugar to Tajikistan at a price $20 lower than international market rates. The estimated export rate was worked out at $528 per ton as on the day of the dialogue when the sugar price in the world market was $548 per ton. Later, Tajikistan demanded white powdered sugar, which was not available with the TCP. Therefore, TCP floated a tender for procuring the same. On December 3 last year, TCP invited bids from sugar mills for the supply of 30,000 tons of ‘White Powdered Sugar’ in bags.

via Sugar procurement for Tajikistan export: TCP seeks commerce ministry’s guidelines | Business Recorder.

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