TCP receives wheat bids for 656,000 tons, below 750,000-ton target

The Trading Corporation of Pakistan (TCP) received nine responsive bids to supply a combined 656,000 metric tons of wheat, below the 750,000 tons sought by the state-run trader as the government moves to address an expected domestic supply shortfall.

The bids ranged from USD 348.83 to USD 369.95 per metric ton for wheat intended for domestic consumption, according to tender documents.

Thirteen parties participated in the tender process. Nine were declared technically and financially responsive, two submitted regret letters and two bids were found non-responsive.

How much wheat is TCP seeking to import?

The government directed TCP to import 750,000 metric tons of wheat, with a plus-or-minus 10% more-or-less seller’s option. Responsive offers totaled 656,000 tons, leaving the final quantity to be awarded subject to the tender process and government requirements.

The wheat is to be supplied in bulk on a cost and freight basis for delivery at Karachi or Gwadar port.

The government planned the imports after provinces sought additional supplies, with domestic wheat production expected to fall short of national demand.

The international tender was floated on September 8 following federal government directives to arrange wheat imports to help meet domestic requirements.

Which company submitted the lowest wheat bid?

Agrocorp submitted the lowest evaluated bid for Karachi, offering 55,000 metric tons at USD 348.83 per ton.

Louis Dreyfus Company Suisse was identified as the lowest bidder for Gwadar. LDC offered 110,000 tons at USD 349.97 per ton.

Bunge Global bid USD 356.86 per ton for 116,000 tons, while Falcon Bridge offered 50,000 tons at USD 357.49 per ton.

Soufflet quoted USD 357.70 per ton for 110,000 tons, while Aston offered 50,000 tons at USD 360 per ton.

Ameropa bid USD 363.74 per ton for 55,000 tons, while CHS offered the same quantity at USD 364.50 per ton.

Olam submitted the highest responsive bid at USD 369.95 per ton for 55,000 tons.

What happens next with the wheat tender?

PPRA has published the final evaluation of the bids, while no contract award is stated in the official record reviewed.

The quantities ultimately procured will depend on the tender process and government requirements.

Under the tender conditions, suppliers were required to submit offers for a minimum quantity of 50,000 metric tons.