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TCP completes procurement of sugar

  • Trading Corporation of Pakistan (TCP) awarded purchase contracts for a further quantity of 310,000 MT sugar to 69 local sugar mills on the lowest bid price of Rs 52,800 PMT, received in the tender opened on 14-01-2013. 

    The tender was floated by TCP for purchase of 330,000 MT sugar from local sugar mills on 14-12-2012, in pursuance of the ECC decision. M/s. Kamaliya Sugar Mills & M/s. Huda Sugar Mills offered the lowest rates of Rs 52,800 PMT for a quantity of 10,000 MT each (total 20,000 MT). 

    To complete the procurement of total targeted quantity of 330,000 MT, rest of bidders were offered the option of price matching, who all consented to match with the lowest price of Rs 52,800 PMT for a total quantity of 630,000 MT as against the balance required quantity of 310,000 MT. Hence, the purchase contracts were awarded on pro-rata basis, to all the 69 sugar mills on the lowest price of Rs 52,800.-PR 

    Copyright Business Recorder, 2013

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