TCP finalises deals for wheat import

Business Recorder reported that the Trading Corporation of Pakistan (TCP) has concluded contracts to bring in 365,000 metric tons of wheat for local use. The state-run trader has also floated a second tender seeking 185,000 metric tons from overseas suppliers. Both steps follow federal instructions amid a shortfall caused by weaker crop output last season.

The first tender, issued on September 8, 2026, sought 750,000 metric tons bound for Karachi or Gwadar, and nine responsive bids came in between USD 348.83 and USD 369.95 per metric ton. TCP accepted the lowest offer from Agrocorp, then extended the same price to other bidders, and six of them agreed to match it, bringing the total to seven suppliers.

Shipments under the contracts are scheduled between October 11 and October 31, with arrival in Pakistan due by November 20, 2026. Bids for lots below 60,000 metric tons will be rejected in the second tender, which opens on September 28, 2026. Sources said provinces cut their requirements, lowering the overall target from 750,000 metric tons to 550,000 metric tons.