Pakistan Wheat Tender

29 May 2022

Pakistan Wheat Tender

With persistent dry and hot weather, Pakistan wheat production for 2022/23 is forecast at 26.4 MMT, four percent lower than last year. Estimates suggest Pakistan will need to import around 3MMT of grain to meet the local shortfall. Trading Corporation of Pakistan (TCP) invited bids for Import of 500,000 MT Wheat on 16-05-2022. Six companies raised tenders with the following bids:

Company Quantity(KMT) Bid(USD)
Falcon Bridge 110 515.49
CHS group 120 520.00
Bunge 110 526.00
Cargill 116 532.40
LDC 100 534.90
Agrocorp 110 534.38

 

Following four have won the contract (totalling 470kmt) - all at $515.49 (cffo)

Falcon Bridge 110 KMT
CHS 220 KMT
Cargill 116 KMT
Agrocorp 54 KMT