TCP reopens sugar export tender in Pakistan after first auction draws no bids

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TCP sugar export tender reopened

Highlights

Trading Corporation of Pakistan reissued an international tender for 108,000 metric tonnes of 2025-imported white refined sugar without a reserve price after the September auction failed at U.S.$660 per tonne.
Tender submissions close on November 13, 2026, with a minimum bid of 10,000 metric tonnes for fine-grain and 11,086 metric tonnes for medium-grain sugar, requiring separate Ex-Works U.S. dollar quotes.
Islamabad aims to offload surplus sugar stocks stored at Pipri Godown before new production, with buyers responsible for lifting within 90 days and all associated logistics costs.

Tender terms and bidding timeline

As reported by Business Recorder, the Trading Corporation of Pakistan has issued a fresh international tender for the export of 108,000 metric tonnes of white refined sugar imported in 2025, this time without setting any reserve price. The stock is lying at TCP's Pipri Godown in Karachi, and the move follows the scrapping of a previous September tender that failed to receive a single bid after setting a minimum reserve price of U.S.$660 per metric tonne.

TCP has set November 13, 2026 as the deadline for bid submission at 11:00 a.m., with bid opening scheduled for 11:30 a.m. at its principal office in Karachi. A pre-bid meeting is scheduled for November 11, while the minimum bid quantity is 10,000 metric tonnes for fine-grain sugar and 11,086 metric tonnes for medium-grain sugar.

Under the tender terms, bidders must quote separate Ex-Works prices in U.S. dollars per metric tonne for fine and medium-grain sugar, excluding loading and transport costs, which buyers must bear. Successful bidders must either make full advance payment in foreign currency into TCP's designated bank account or provide an irrevocable Letter of Credit payable at sight before a delivery order is issued.

Export push before new sugar output

Buyers awarded quantities must arrange lifting and transportation within 90 days of bid acceptance, and TCP may impose storage and demurrage charges if stocks are not removed within that period. The corporation says it will evaluate offers on eligibility, compliance with tender requirements, price and quantity, and it reserves the right to allocate stocks among one or more bidders or reject any or all offers.

According to the tender documents, Bureau Veritas surveyed and tested the sugar stocks in September 2026, and prospective buyers may inspect them at Pipri Godown on working days between 10:00 a.m. and 4:00 p.m. until the bidding deadline. The new tender reflects Islamabad's effort to move surplus inventory before the arrival of fresh sugar production, after the earlier reserve price discouraged participation from international buyers and exporters.

We have previously detailed Pakistan’s push for priority-sector lending as banks were urged to expand credit for housing, farms and SMEs.

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