Pakistan may buy more sugar than planned in May 29 tender
Wednesday, 26 May 2010
KARACHI, May 25 (Bloomberg): Pakistan's Trading Corp may buy more white sugar than planned on May 29, exceeding the 200,000 tons specified in the tender, the chairman of the state-run agency said.
"We will buy the full quantity of the tender or even more if prices are attractive," S Anjum Bashir said in a telephone interview from Islamabad Tuesday. "If prices are high, I would buy the minimum required quantity of 50,000 tonnes."
Pakistan has bought 725,000 metric tons and may buy another 475,000 tonnes by the end of June as it plans to purchase a total of 1.2 million tons of sugar to overcome shortages and control prices.
"We will buy the full quantity of the tender or even more if prices are attractive," S Anjum Bashir said in a telephone interview from Islamabad Tuesday. "If prices are high, I would buy the minimum required quantity of 50,000 tonnes."
Pakistan has bought 725,000 metric tons and may buy another 475,000 tonnes by the end of June as it plans to purchase a total of 1.2 million tons of sugar to overcome shortages and control prices.