The Trading Corporation of Pakistan (TCP) pushed back its tender for 300,000 mt of urea to Monday, July 22, at 11:00 a.m. Islamabad time. Validity of the offers has been pushed back to 4:00 p.m. Tuesday, July 23.
TCP had earlier specified a July 17 closing for the tender. Terms require companies offering tons in the tender to quote only one price for all Pakistani ports instead of different rates for different ports.
TCP was given dispensation from the normal 30-day notice period to allow it to buy up to 300,000 mt as soon as possible. Also, the minimum offer requirements were moved up from the normal 50,000 mt to 75,000 mt.