Pakistan Buys 100,000 Tons of White Sugar at $488 a Ton

Pakistan’s Trading Corp. purchased 100,000 tons of white sugar from China’s Yunnan Coal & Chemical Industry Group Co. Ltd., at $488 a ton, according to the statement issued by the corporation.

Pakistan bought 575,000 tons since February and will buy another 625,000 tons by June to overcome a domestic shortage and control prices.

The Trading Corp. has issued two more tenders which are scheduled to open on May 22 and May 29 for the import of 200,000 tons of sugar each.

--Editors: Naween A. Mangi

source: businessweek