HAMBURG: The lowest price offered in the international tender to buy 50,000 tonnes of sugar from Pakistan on Wednesday was believed to be $689 a tonne c&f, European traders said in initial assessments.

Offers in the tender from the Trading Corporation of Pakistan (TCP) are still being considered and no purchase has yet been reported, they said. The TCP traditionally negotiates for several days in tenders before deciding whether to purchase.

Published in Dawn, October 7th, 2021