Following the directives of the Economic Co-ordination Committee of the Cabinet (ECC), Trading Corporation of Pakistan (TCP) has issued another tender for the procurement of 50,000 tons of sugar from local mills. The TCP is already engaged in procuring sugar from domestic mills and a tender for the procurement of the same quantity was opened on Wednesday, in which some 36 mills participated and quoted prices ranging from Rs 53,600 per ton to Rs 57,500 per ton (inclusive taxes).
The deal is still in process as presently the state run grain trader is evaluating the received bids. In the second phase, the TCP on Thursday issued another tender for the purchase of 50,000 tons of sugar form local mills. The tender will be opened in the third week of this month.
The TCP has invited sealed offers from domestic sugar mills for purchase of white sugar, packed in polypropylene woven bags. According to tender document, the TCP has asked that sugar and bags are required to be in accordance with the specification and standard approved by Pakistan Standard Quality Control Authority (PSQCA). While, the sugar mills defaulted with the TCP will not be eligible to participate in the tender unless they clear their dues before tender opening date.
According to the tender, a miller can submit offer for a minimum quantity of 2,000 tons and a maximum quantity of 5,000 tons of sugar and interested parties may submit their bids, in sealed envelopes to be dropped in the TCP’s office till October 22, 2013 by 11 am. Like, previous tender, the TCP has decided to invite bids inclusive of taxes aimed to facilitate the mills and make easier the process of taxation and cost.
