Pakistan drops $660 price floor in fresh sugar export tender

November 10, 2026 (MLN): Pakistan has issued a fresh international tender for the export of 108,000 metric tons of surplus sugar, removing the minimum price requirement after its previous attempt failed to attract any bids.

The Trading Corporation of Pakistan (TCP) has invited international buyers to submit bids for the surplus sugar stockpile without specifying a minimum export price in its latest tender.

The corporation had earlier cancelled its export tender after receiving no bids against the minimum price of $660 per metric ton.

The government has approved the export of surplus sugar stocks to prevent excess supplies from entering the domestic market ahead of the arrival of new domestic production.

The entire stock is stored at TCP's Papri warehouse in Karachi and includes 96,000 metric tons of fine-grain sugar and 11,086 metric tons of medium-grain sugar, according to the tender notice.

Interested bidders can submit offers for either grade or both. However, bids for fine-grain sugar must cover a minimum quantity of 10,000 metric tons, while offers for medium-grain sugar must cover the entire available stock of 11,086 metric tons.

The deadline for submitting bids is November 13, 2026, with offers scheduled to be opened at 11:30 a.m. the same day at TCP's office in Karachi.

A pre-bid meeting will be held on November 11 to brief prospective buyers on the tender requirements.

Successful bidders will be required to lift their allocated sugar quantities within 90 days of signing the contract.

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