Pakistan locks in 365,000 tonnes of wheat at $348.83, seeks another 185,000 tonnes

Seven bidders have been awarded contracts by TCP for a combined 365,000 tonnes of wheat, priced at $348.83 per tonne, Business Recorder reported. The lowest offer, from Agrocorp, set the price, and the same rate was extended to other responsive bidders for equivalent quantities, with six of the remaining eight agreeing to match it.

The first tender, issued on September 8 for 750,000 tonnes, drew 13 participants when it opened on September 16. Nine bids were judged technically and financially responsive, covering 656,000 tonnes at prices between $348.83 and $369.95 per tonne, while two were rejected as non-responsive. Shipments are set for October 11 to October 31, with arrival in Pakistan due by November 20, 2026.

The revised target followed provinces lowering their requirements from the earlier 750,000 tonnes. A second tender for the remaining 185,000 tonnes will open on September 28, 2026, and technical bids will be examined from 1200 hours in TCP's boardroom. Bids for less than 60,000 tonnes are ruled out.