The firm recently received import licenses for 47,500 tonnes from a total 300,000 tonnes of the sweetener's 2006 quota for mid-December to March delivery.
"We may hold a tender on Thursday or Friday," Son Ramazan, the firm's commercial director, said without elaborating on volumes. He said the firm would buy sugar mostly from Thailand despite competitive prices from India due to cheaper freight costs.
"We are likely to buy 60 percent from Thailand and the remaining 40 percent from India or China," said Ramazan, adding global prices were being quoted at $360-$365 a tonne.
Thai exporters have sold forward contracts for about 10 percent of the sugar, both raw and white, that they expect Thailand to produce in the crop to be harvested next month.
India is expected to offer white sugar aggressively in the coming months, partly due to a need to clear warehouses to make room for a new crop due to is harvested later this month.
Indonesia, Southeast Asia's top sugar buyer, bought more than 50 percent of its 500,000 tonne 2005 white sugar quota from Thailand.