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TCP seals another deal on urea import

TCP seals another deal on urea import

KARACHI: Trading Corporation of Pakistan (TCP) has sealed another deal for the import of 0.1 million tons of urea and accepted the bid of M/s Keytrade.

M/s Keytrade’s bid was the lowest among three others as it offered bid of $352.80 per ton and it also deposited the bid guarantee. M/s Dreymore Fertilizer’s bid was the second lowest with $354.46 per ton and the highest price was offered by M/s KOCH Fertilizer offering 100,000 tons of urea at $355 per ton.

TCP finalised second deal on urea import during the last four days to avert shortage in the domestic market. Earlier, on Friday, TCP had awarded a contract letter for supply of 0.1 million tons urea at $344.73 per ton (C&F).