TCP receives imported sugar

KARACHI - A vessel MV Transocean, carrying 19,260 metric tons of imported sugar for Trading Corporation of Pakistan (TCP), which arrived at Karachi Port on Saturday, commenced discharging from Monday. According to TCP, three more ships, MV AL-JABER XV, MV Rainbow and MV Yon Phung Ho carrying a total of around 40,000 MT imported sugar are scheduled to arrive by Dec 20. In addition to above shipments, 1710 containers containing 42,420 MT sugar have also arrived during the first week of December. Out of the total contracted quantity of 1.2 million tons, TCP has so far received 948,197 MT sugar. The imported sugar is being supplied to USC, CSD, provincial governments and private parties (sold to them through tenders as per government directive). The USC has so far lifted 346,899 MT, CSD 2,523 MT, provinces 160,156 MT (against their both allocations) and private parties have lifted 56,831 MT. After deliveries to USC, CSD, provinces and private parties, TCP has stocks of 353,828 MT sugar in its godowns as on Dec 13. The import of sugar by TCP and its deliveries to USC, provinces and sale through tenders to private parties has helped stabilize prices in the local market.

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