Pakistan buys 172,000 tons wheat in latest tender

ISLAMABAD: The state-run Trading Corporation of Pakistan (TCP) has bought 172,000 tonnes of wheat in a tender for 150,000 tonnes, which closed on Jan. 31, two TCP officials said on Tuesday.Contracts were awarded to five companies, but the officials did not have details of the cost. European traders said on Monday the TCP had received a best offer of $231.55 a tonne, cost and freight included, which was made by Dominion Grain for 25,000 tonnes. "The TCP has awarded contracts to buy a total of 172,000 tonnes of wheat," said one of the officials, who declined to be identified.