The Trading Corporation of Pakistan (TCP) has received an offer of around $339.36 per tonne for part of its wheat import tender, according to initial assessments by European traders.
The tender seeks 185,000 tonnes of wheat, while trading house Bunge reportedly offered to supply around 60,000 tonnes at the lowest reported price. The quoted rate includes cost and freight and stood at $339.36 per tonne.
TCP Evaluates Wheat Import Offers
The tender closed on Monday, but TCP has not yet announced any purchase. The state-run agency is currently evaluating the offers and could make a decision in the coming days.
European traders said the reported price and quantity remain initial assessments. Therefore, the figures could change as traders provide further estimates or TCP completes its evaluation.
Black Sea Disruptions Push Up Wheat Costs
The tender comes as importers face tighter and more expensive wheat supplies. Fighting has disrupted seaborne exports from the Black Sea region, significantly reducing supplies of cheaper Russian and Ukrainian wheat.
As a result, importers are turning to alternative sources to meet demand. However, traders said available supplies from other origins currently carry higher prices, putting additional pressure on import costs.
The latest tender therefore comes at a time of uncertainty in global wheat markets. TCP’s final decision will determine whether the reported offer becomes part of Pakistan’s wheat import programme.
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