Do More With Reuters
Partner Services

CORRECTED - CORRECTED-Pakistan to issue tender for 250,000 T of wheat

Thu Jul 10, 2008 3:58pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Corrects to show tender to be issued on Thursday and to close on July 26)

KARACHI, July 10 (Reuters) - Pakistan is to issue a tender on Thursday for 250,000 tonnes of wheat from any origin, a trade source said.

"Shipment is likely for the end of August or early September," said the trade source, adding the tender would close on July 26.

The state-run Trading Corporation of Pakistan, which issues tenders, was not immediately available for comment.

The TCP recently bought 516,000 tonnes of wheat at $409.88 a tonne, cost and freight included.

Pakistan plans to import a total of 2.5 million tonnes of wheat this year for buffer stocks after domestic output from the 2007/08 crop fell to 21.8 million tonnes, compared with a target of 24 million tonnes.

Annual domestic consumption is about 23 million tonnes. (Reporting by Sahar Ahmed; Editing by Robert Birsel)

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article