The Trading Corp. of Pakistan called four urea tenders for a total of 415,000 mt. The tenders are set to close, Nov. 10, 11, 12 and 13. The first three tenders are for 105,000 mt each. The last tender is for 100,000 mt.
The government had earlier authorized import of 300,000 mt. At the time, sources agreed the country needed at least that much urea to close out the current application season. Many in the industry, however, wondered where cash-strapped Pakistan would get the funds for a public tender.
The announcements of the tenders came as the industry is meeting in Singapore at the IFA Asian regional conference.
The TCP tenders are expected to offer a boost to a prilled urea market that gained strength from the STC/India tender that closed Oct. 29.