Pakistan to Consider Buying 178,000 MT of Sugar, Recorder Says

Pakistan, Asia’s third-biggest consumer of sugar, may take a decision on the purchase of 178,000 tons of sugar from local mills when the country’s finance committee meets today, the Business Recorder newspaper reported.

The proposal has been sent by the state-run Trading Corp., the newspaper said, citing government officials it didn’t identify. Pakistan is seeking to buy as much as 200,000 tons to build reserve stockpiles. The agency has already accepted bids from two mills to supply 10,000 tons each, on Dec. 26.

To contact the reporter on this story: Khurrum Anis in Karachi at kkhan14@bloomberg.net

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net

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