The Trading Corporation of Pakistan (TCP) on Monday received offers in its international tender to buy 100,000 tonnes of white sugar, European traders said in initial assessments.

On July 8, the government had approved plans to import 500,000 tonnes of sugar to help maintain price stability. Market analysts said that retail sugar prices in the country have risen sharply since January.

TCP had last week issued a fresh international tender to purchase 100,000 tonnes of white refined sugar, after a previous one for 50,000 tonnes of sugar in July reportedly received no offers.

The lowest price........

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