Pakistan TCP finalises deals for 550000 tonnes of wheat import
The Trading Corporation of Pakistan has finalised deals to import 550,000 metric tons of wheat for domestic consumption in Karachi.
Tender results and bid details
A first tender opened on September 16 received nine responsive bids from international companies. Offers ranged between USD 348.83 and USD 369.95 per metric ton for a total of 656,000 tonnes. Two bidders withdrew while others failed to meet technical or financial requirements.
Market impact on consumers
Traders say the import plan will prevent further price rises but may not lower current costs significantly. High flour prices and rising petrol costs are forcing low-income buyers to purchase smaller quantities of loose grain instead of standard bags.
Reasons for government action
The federal government ordered these imports because the last crop season produced lower yields than expected. Provincial authorities requested additional supplies to ensure adequate food availability across their respective areas.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Dawn
- Business Recorder
Reported by
2 independent outlets. Headlines as published. Links open the original report.