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Pakistan gets offers in 100,000 metric tons white sugar tender, traders say
Pakistan gets offers in 100,000 metric tons white sugar tender, traders say

Arab News

time20 hours ago

  • Business
  • Arab News

Pakistan gets offers in 100,000 metric tons white sugar tender, traders say

HAMBURG: The lowest price offered in the international tender to buy 100,000 metric tons of white refined sugar from Pakistan on Thursday was believed to be $539.00 a metric ton cost and freight included, European traders said in initial assessments. Offers in the tender from the state trading agency Trading Corporation of Pakistan (TCP) are still being considered and no purchase has yet been reported, they said. The TCP can negotiate for some time in tenders before deciding whether to purchase. Reports reflect assessments from traders and further estimates of prices and volumes are still possible later.

Supermarket rice prices in Japan drop for 9th week
Supermarket rice prices in Japan drop for 9th week

NHK

time4 days ago

  • Business
  • NHK

Supermarket rice prices in Japan drop for 9th week

The average rice price at supermarkets in Japan has fallen for a ninth straight week. The agriculture ministry released its weekly survey on about 1,000 supermarkets nationwide. The average price of a 5-kilogram bag came in at 3,585 yen, or roughly 24 dollars. That's a decline of one-tenth of a percent from the previous week. Officials began tapping national reserves of rice after prices almost doubled in the space of a year. Following a sharp decline, the sticker price has been dropping at a slower pace in recent weeks. Orikasa Shunsuke, Principal Researcher at Distribution Economics Institute of Japan, said: "People who want to save money are buying from the government stockpiles, and those who prefer other varieties are buying brand-name rice. The decline in prices is slowing down as more consumers start choosing what they want." Orikasa points out that unusually hot weather during the recent rainy season may also affect supply. He said the lack of rainfall could reduce this year's new harvest.

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