Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) Monday announced that it has cancelled the rice procurement tender.
Last week, the state-run grain trader invited fresh sealed bids (under Public Procurement Rules, 2004) from companies/partnership/sole proprietors dealing in export of rice for purchase of 15,000 tons long grain white rice (IRRI-6) on Cost and Free on Board (C&FoB) basis up to the port of Cotonou, Benin, packed in polypropylene (PP) woven bags as per provided specification.
As per the TCP announcement, the tender was to open on February 3, 2016, however, the state-run grain trader Monday cancelled the tender without quoting any reason. Sources said the tender has been cancelled on the directives of the ministry of commerce.
The fresh tender for procurement of 15,000 tons IRRI-6 was issued on January 26, when first rice tender was scrapped as the quoted prices were significantly higher than the prevailing local prices. The procurement was being made for Benin as gift from the people of Pakistan. Presently, several African countries are facing food shortage and two weeks ago Pakistan dispatched a consignment of 15,000 tons rice (10,000 tons IRRI-6 and 5,000 tons Basmati) to Cuba.