TCP imports 1.1 MT White Sugar in 2010-11

The Trading Corporation of Pakistan (TCP) has imported 1,104,605 MT of white sugar in 2010-11.  As per directive of the Government, TCP has delivered 478,480 MT of sugar to Utility Stores Corporation (USC), 2,843 MT to CSD, and 300 MT to Pakistan Navy.

56,861 MT has been off loaded in the open market through tenders to stabilize the prices. Similarly, 169,337 MT has been delivered to the provincial government for marketing through their own mechanism.

At present, TCP has 369,784 MT in its stocks which is being steadily released to USC, while maintaining reasonable reserves from strategic point in view.

Sources told, 100,000 MT Urea has already imported against open tender for Rabi Corp 2011.

Similarly 125,000 MT has been already imported under the Saudi Fund for Development's credit facility of US$ 100 million from Saudi Basic Industries Corporation (SABIC) for Rabi Corp 2011.

The entire imported Urea has been delivered to the National Fertilizer Marketing Limited (NFML) for domestic marketing.