In a notable shift, the Trading Corporation of Pakistan (TCP) has reduced its international sugar import tender volume from an initially planned 300,000–500,000 metric tons to just 50,000 metric tons, according to European trade sources on Tuesday.
The revision follows a government decision made on July 8 to approve the import of 500,000 tons of white refined sugar in an effort to stabilize domestic prices. However, TCP has opted for a more measured approach amid evolving market conditions.
The updated tender now seeks two shipments of 25,000 tons each, with loading scheduled between August 1–15 and arrival in Pakistan by August 30. Additionally, the deadline for price submissions has been extended from July 18 to July 22, offering bidders more time to prepare revised offers.
The adjustment comes against the backdrop of sharp increases in retail sugar prices across Pakistan since January. Analysts attribute the surge to local supply constraints, smuggling concerns, and rising input costs, prompting urgent government intervention.
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Earlier, the TCP had floated a tender titled “TCP invites bids for import of 0.3m tons of sugar”, reflecting the government’s broader intent to shore up reserves. However, recent shifts suggest a phased import strategy to manage pricing and logistical constraints more effectively.
As the new deadline approaches, market participants are closely watching bidding activity and potential price implications in both domestic and global markets.
