Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
TCP buys 100,000T wheat at $374
07-31-2008, 09:25 AM
Post: #1
TCP buys 100,000T wheat at $374
TCP buys 100,000T wheat at $374



Wednesday, July 30, 2008
ISLAMABAD: Pakistan’s state trading agency bought 100,000 tonnes of wheat at $374 a tonne, cost and freight included, in a tender for 250,000 tonnes of wheat issued this month, a government official said on Tuesday.

The Trading Corporation of Pakistan had accepted the lowest bid offered by Cargill in the tender, an industry official who declined to be named said. Pakistan plans to import 2.5 million tonnes of wheat this year to bolster buffer stocks.

It was unclear if the TCP was still in discussion to buy more wheat in the same tender, as the agency normally offers other bidders a chance to match the lowest price. The TCP received a total of 20 bids in a range of $374 to $426.75 against a tender issued on July 10 and closed on July 26, when the bids were opened, the industry official said.

In early July Pakistan bought 516,000 tonnes of wheat at $409.88 a tonne, and another 140,000 tonnes of wheat at $399.45 in June.

http://www.thenews.com.pk/daily_detail.asp?id=127105
Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Opportunities in meat, wheat, cotton JVs with Egypt Salman 0 3,408 04-07-2012 12:31 PM
Last Post: Salman
  governor Sind Buys a Mansion in Canada LRE 1 4,434 03-03-2011 06:59 PM
Last Post: LRE
  Hopes for better wheat crop in Punjab, KP Lahore_Real_Estate 0 3,199 08-24-2010 11:49 AM
Last Post: Lahore_Real_Estate
  Wheat prices may continue to slide Lahore_Real_Estate 0 3,443 05-27-2010 11:58 AM
Last Post: Lahore_Real_Estate
  Musharaf Buys Richmond Palace ? LRE 0 5,069 03-21-2010 09:50 PM
Last Post: LRE
  Wheat Purchase: Another Crisis... LRE 0 3,222 01-02-2010 09:18 PM
Last Post: LRE
  Pakistanis world's top consumer of sugar, salt, chilies: runner-up in tea, wheat Naveed Yaseen 0 3,230 12-31-2009 02:47 PM
Last Post: Naveed Yaseen
  Bolivia buys six K-8 jet trainers from Pakistan LahoreEstate 0 2,641 10-04-2009 05:12 AM
Last Post: LahoreEstate
  Norman Borlaug, Green Revolution, Wheat Self Suffitiency and Pakistan LRE 0 4,233 09-25-2009 09:55 AM
Last Post: LRE
  Food Shortage in Bengal & British Govt | Wheat/Sugar Shortage in Pakistan & Pak Govt LRE 0 3,347 09-18-2009 04:03 PM
Last Post: LRE
  35% export duty on wheat products may be withdrawn Naveed Yaseen 0 3,955 09-15-2009 07:10 AM
Last Post: Naveed Yaseen
  PPP minister buys £4.3m flat in London LRE 2 6,184 09-08-2009 09:02 AM
Last Post: LRE
  AEW Group of Europe sees window closing for UK property buys Naveed Yaseen 0 2,883 08-30-2009 05:13 AM
Last Post: Naveed Yaseen
  5 Million Ton Wheat Feared Damaged... LRE 3 7,423 08-13-2009 10:44 AM
Last Post: LRE
  New fungus threat to wheat crops in Pakistan and India Naveed Yaseen 0 2,503 06-16-2009 05:51 AM
Last Post: Naveed Yaseen
  Wheat harvesting has been started in Buneer after the successful operation (snap) LahoreEstate 0 4,948 06-01-2009 05:50 AM
Last Post: LahoreEstate
  Ship with 38000 Tons wheat Anchors @ Gwadar Port LRE 1 3,554 05-18-2009 02:42 PM
Last Post: LRE
  Gwadar: Govt vs PSA tussle: wheat and urea shipments diverted to Karachi port Naveed Yaseen 0 2,618 03-27-2009 07:59 AM
Last Post: Naveed Yaseen
  Rain raises wheat crop prospects LahoreEstate 0 2,859 02-11-2009 10:27 AM
Last Post: LahoreEstate
  TCP to import Wheat from Gwadar Port only LRE 0 2,204 01-31-2009 07:47 PM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)