Pakistan, Aug. 14 -- The Trading Corporation of Pakistan Limited (TCP) has issued a new tender for importing 2.5 million tonnes of sugar, with bidders required to submit their applications by August 21 this year. The tender clearly states that bids for quantities below 2.5 million tonnes will not be entertained, ensuring the procurement process meets the set import target.

Earlier this month, TCP opened a tender on August 11 for importing 100,000 metric tonnes of sugar, receiving a total of five bids, though one bidder eventually withdrew from the process. The submitted bids in that tender ranged from $539 to $586 per metric ton, reflecting a competitive pricing range among participants in the international sugar market.

Last month, the...