Published on, Aug. 22 -- August 22, 2025 1:52 AM

The lowest price offered in an international tender from Pakistan to buy 200,000 metric tons of sugar on Thursday was believed to be $560 a metric ton cost and freight included (c&f), European traders said in initial assessments.

Offers in the tender from the state trading Trading Corporation of Pakistan are still being considered and no purchase has yet been reported, they said. The TCP can negotiate for several days in tenders before deciding whether to purchase. The lowest offer was said to have been submitted by trading house Bare for small grade sugar. Bare also offered $580 for medium grade sugar, with a total 187,000 tons offered.

Three tender participants all offered 25,000 tons ...