TCP to import 0.13 million tons of urea
March 22, 2013
Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, Trading Corporation of Pakistan will import 0.13 million tons of urea to avoid any shortage during Kharif season. Sources told Business Recorder on Thursday that TCP has been given the task by the federal government to import urea from international market as the domestic market is likely to face some shortage in upcoming months due to gas curtailment to the fertiliser sector.
Although, the country”s fertiliser industry is capable of meeting the domestic urea demand as it has an installed production capacity of over 6.5 million tons annually, against consumption of 5.8 million tons annually. However, they (domestic urea producers) are unable to produce sufficient commodity due to gas curtailment. Therefore, the federal government has decided to import urea from international market to avoid any shortage during next crop season.
In pursuance of the ECC directives, the state-run grain trader is going to issue first urea tender today (Friday) to invite bids from international pre-qualified suppliers for import of urea for domestic consumption. In order to import urea on time and avoid any speculation, TCP has decided to restrict this tender only to pre-qualified bidders.
TCP has invited bids only from pre-qualified foreign suppliers/exporters, already registered with corporation, for supply of 0.13 million tons of urea (10 percent more or less seller”s option) in bulk through world-wide sources on Cost and Freight (C&F) basis.
As per tender documents, made available to Business Recorder, the state-run grain trader has strictly asked suppliers for supply of urea in accordance with Pakistan Standard & Quality Control Authority (PSQCA) standards and specifications for urea and the conditions of the import policy order. TCP has fixed a minimum limit of 50,000 tons for bid and has clearly announced that bids for less than 50,000 tons will not be accepted and total quantity of urea must reach the designated port in Pakistan in accordance with the shipment schedule.
According to TCP tender, releasing today, interested pre-qualified urea suppliers, who can supply urea from world-wide origins, may submit their bids in sealed envelops at TCP head offices till April 24, 2013 latest by 10:30 am and bids will be opened on same day after half hour. Tender documents will be available at head office and TCP”s regional offices located in Lahore and Islamabad from March 25, 2013 till last day of the tender. The corporation is already engaged in importing urea from domestic consumption. Presently urea is being imported from Saudi Arabia. Source Business Recorder.
Published: Zarai Media Team