No bids received for Pakistan's tender for 50,000 sugar metric tons, say traders
Traders said the shipment and arrival periods were regarded as having too short notice for realistic offers.
The tender from the state trading agency Trading Corporation of Pakistan (TCP) sought loading from August 1-15. The entire volume purchased was sought for arrival in Pakistan by August 30.
Pakistan's government had on July 8 approved plans to import 500,000 tons of sugar to help maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January.
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