Pakistan plans to sell 330,000 tonnes of imported wheat
Friday, 11 September 2009
KARACHI,Sept. 10 (Bloomberg): Trading Corp. of Pakistan, a state- run company, plans to sell 330,000 metric tons of imported wheat to domestic users and exporters of wheat-products.
Trading Corp. will sell 100,000 tons of wheat, stored at its warehouses in Karachi, the company said on its Web site. Buyers must bid for a minimum 25,000 tons and have until 11.30 a.m. on Sept. 26 to submit offers, it said.
Pakistan, Asia's third-biggest wheat grower, may have a surplus of 2 million tons of wheat this year after the South Asian nation harvested an estimated 24 million tons of grain, according to the farm ministry. The nation bought 1.76 million tons since July 2008 after production fell, causing food riots.
Trading Corp. will sell 230,000 tons of wheat to domestic buyers.
Trading Corp. will sell 100,000 tons of wheat, stored at its warehouses in Karachi, the company said on its Web site. Buyers must bid for a minimum 25,000 tons and have until 11.30 a.m. on Sept. 26 to submit offers, it said.
Pakistan, Asia's third-biggest wheat grower, may have a surplus of 2 million tons of wheat this year after the South Asian nation harvested an estimated 24 million tons of grain, according to the farm ministry. The nation bought 1.76 million tons since July 2008 after production fell, causing food riots.
Trading Corp. will sell 230,000 tons of wheat to domestic buyers.