Pakistan Trade Corporation Announces Tender for Purchase of 500,000 Tons of Wheat

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According to the Embassy of Ukraine in Pakistan, the Trade Corporation of Pakistan has announced a tender for the purchase of 500 thousand tons of wheat.

The specified volume will be delivered on the basis of CFR Karachi (unloading in bulk) from August to September 15, 2022.

According to the tender documentation, the supplied wheat must strictly comply with the established standards and specifications and the order of the country’s import policy. The total amount of wheat should arrive at designated ports in Pakistan according to the shipment schedule.

Applications must be submitted by July 1, 2022, no later than 10:30 a.m. Pacific Standard Time. Proposals will be opened on the same day at 11:00 in the presence of participants or their authorized representatives. More about the tender.

Pakistan hopes to get a more reasonable price in the second such tender for the supply of wheat in less than a month. Last time on May 17, the country failed to purchase 500,000 tons of wheat, receiving an offer of $ 515 per ton, including cost and freight (C&F), which was too expensive for the country. Over the past few weeks, grain prices on the international market have somewhat decreased, making it possible to buy cheaper wheat. Now market insiders expect that Pakistan will be able to get wheat in the range of 470-490 dollars per ton in the second tender.

After the start of the Russian-Ukrainian war, a record increase in grain prices took place on the international market, which affected Pakistani domestic wheat market. This year’s shortage of wheat in Pakistan is about three million tons, and the country is forced to fill it by importing grain.

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