The Economic Coordination Committee of the Pakistan government has authorized TCP to import 130,000 mt of urea. It is unclear if the purchase will be made in an open tender or if it will come from an assistance program from Saudi Arabia.
Last year, TCP handled the importation of 300,000 mt from Sabic under a government-to-government deal between Pakistan and Saudi Arabia. The government buying house also handled several open urea tenders.
If the purchase is to be on the open market, the TCP tender could precede Indian tenders. The move could allow TCP to secure tons at a time when the urea market is in the doldrums.