According to market sources, the Trading Corporation of Pakistan (TCP) will likely award a contract to import 100,000 M/tons of urea through West Trade. However, the foreign supplier confirmed a full quantity of 150,000 M/tons. Hopefully, TCP will place an award tomorrow. The international lowest bidder will supply the urea from Oman, China, UAE, and the Middle East.

It is recalled here that the Trading Corporation of Pakistan (Pvt.) Ltd. (TCP) opened a urea import tender on 29 July. The bidding was for the supply of 150,000 metric tons of urea, with the capacity to supply ‘Urea’ (in bulk) through worldwide sources on a CFR Karachi / Gwadar basis (in bulk shipment).

The bidding process was competitive, with six companies participating in the tender. These companies, including West Trade, Mercury DMC, ABG Trading, SINEPO, Singapore, Torbert DMC, and Trammo GmbH, brought a variety of offers to the table. The price per ton of urea varied among bidders, with West Trade offering the lowest price at $358.99 per ton.

Pakistan may use imported to improve its availability during Rabi 2024-25.