Pakistan issues global tender for import of 50,000 tonnes of sugar thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Pakistan issues tender for 50,000 tonnes sugar import, but not from banned countries like India
Synopsis
Last week, there was sudden hope of trade reopening between the two nations in sugar and cotton after Pakistan s Economic Coordination Committee allowed import of these two commodities from India. However, Pakistan s federal cabinet back-tracked on the decision.
Faced with production shortages, Pakistan is trying to import sugar in order to boost domestic availability and check retail prices which have shot up to PKR 100 per kg.
Pakistan s state-owned trading firm TCP on Monday issued a global tender for import of 50,000 tonnes of white sugar but not from banned countries like India, a move described by the Indian sugar industry as bad luck for the neighbouring country.
India, the world s second-largest sugar-producing nation after Brazil
Islamabad: Pakistan s state-owned trading firm TCP on Monday (April 5) issued a global tender for import of 50,000 tonnes of white sugar but not from banned countries like India, a move described by the Indian sugar industry as bad luck for the neighbouring country.
This is the third tender Trading Corporation of Pakistan (TCP) has floated for the import of sugar. Earlier, two tenders for 50,000 tonnes each had to be scrapped mainly due to high quotes.
Faced with production shortages, Pakistan is trying to import sugar in order to boost domestic availability and check retail prices which have shot up to PKR 100 per kg.
Pakistan can get Indian sugar cheaper & faster if trade reopens
SECTIONS
Last Updated: Apr 04, 2021, 04:58 PM IST
Share
Synopsis
Sugar prices in the retail markets of Pakistan have spiralled sharply up to PKR 100 per kg due to production shortages and the country is mulling over imports. The Pakistan Economic Coordination Committee (ECC) has recommended the government to allow import of 5,00,000 tonnes of white sugar to boost domestic availability.
Agencies
Pakistan is the world s eighth largest producer and consumer of sugar. Sugarcane is grown on approximately 1.2 million hectares and provides the raw material for 89 sugar mills.
Pakistan can get Indian sugar cheaper and faster if the sugar-deficit neighbouring country resumes trade with India and contain its rising retail prices of the sweetener out there during Ramadan that will commence soon, sugar industry bodies said on Sunday.
NEW DELHI: Pakistan can get Indian sugar cheaper and faster if the sugar-deficit neighbouring country resumes trade with India and contain its rising retail prices of the sweetener out there during Ramadan that will commence soon, sugar industry bodies said on Sunday.
Sugar prices in the retail markets of Pakistan have spiralled sharply up to PKR 100 per kg due to production shortages and the country is mulling over imports. The Pakistan Economic Coordination Committee (ECC) has recommended the government to allow import of 5,00,000 tonnes of white sugar to boost domestic availability.
Last week, there were sudden hopes of trade reopening between the two nations. However, Pakistan s cabinet back tracked on the Pakistan ECC decision to allow import of sugar and cotton from India.