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Tender issued to buy 0.4m tons of wheat
KARACHI: The Trading Corporation of Pakistan (TCP) on Friday issued a tender for the purchase of 400,000 tons of wheat following directives from the federal government to import an additional 500,000 tons of the commodity.

The state-run grain trading agency said the tender for another 100,000 tons of wheat would be floated next week.

“This tender has been issued for Australia, Canada and the US,” said Syed Masood Alam Rizvi, chairman TCP. “In the next tender we may invite expressions from Russia.” The Economic Coordination Committee (ECC) of the Cabinet last week approved the additional import of 500,000 tons of wheat in addition to one million tons allowed earlier to replenish stocks and improve supplies.

The TCP said the process of import of one million tons of wheat would be completed by the end of this month and formalities of issuing tenders and receiving bids are also expected to conclude by December-end.

“For one million tons wheat we struck deal at around Rs 12,000 per ton,” said Mr Rizvi. “Now for the latest tender, it depends what bids we received from the wheat exporting parties.”
MGR Archive 19.12.2004
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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