About 50,000 tons of sugar will be sold from imported stock while 50,000 tons from its buffer stock maintained at various mills in Punjab and Sindh. It may be noted that TCP has imported a sufficient quantity of sugar since early this year. Besides, the corporation was holding a stock of about 300,000 tons, procured from sugar industry last year and stored at mills.
It is interesting to mention here that sugar prices have started moving up again after Eid, despite the effort of TCP maintain supply in the market and to USC.
USC outlets are continued to sell sugar at Rs 23 per kilo but retail stores and grocery shops have raised sugar price from Rs 25 to Rs 27 a kilo.
He said that TCP will continue to off load sugar in the market to discourage rising trend in sugar prices and ensure availability of this essential item in the market.
He said that any trader, importer or individual registered under Sales Tax, can take part in the bidding.
It may be noted that TCP had off loaded 100,000 tons of sugar in the local market during the last week of October at Rs 23 a kilo.
TCP had so far awarded supply contracts for 150,000 tons of sugar, since early January this year on the instructions of Economic Co-ordination Committee (ECC) of the Cabinet.