Pakistan puts 107,000 tonnes of sugar up for export

Pakistan has invited international buyers to submit bids for the export of more than 107,000 metric tonnes of white refined sugar as the country seeks to manage excess domestic stocks.

The Trading Corporation of Pakistan (TCP), the state-run trading agency, has issued an international tender for the sale and export of 107,739 metric tonnes of white refined sugar, according to European commodity traders.

Interested buyers have been given until September 28 to submit their price offers. The tender is aimed at disposing of sugar stocks that were previously imported into the country.

Traders said the move comes as Pakistan seeks to reduce a domestic surplus following substantial sugar imports during the previous year. The accumulation of stocks has increased the need for authorities to find additional outlets for the commodity.

The proposed export could help reduce pressure on domestic inventories and improve the balance between available supplies and local demand.

The tender also reflects the government’s efforts to manage sugar stocks after large quantities were brought into the country to meet supply requirements. With inventories now remaining above immediate domestic needs, authorities are looking toward international markets to absorb part of the surplus.

The TCP will evaluate the price offers received by the deadline before deciding on the sale. Details regarding the successful bidder, export schedule and shipment arrangements are expected to emerge after the tender process is completed.

Pakistan’s sugar market has remained under close government scrutiny due to concerns over domestic prices, supply availability and the impact of imports and exports on consumers.