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TCP scraps second cotton tender as it received offer below reserved price

Related Keywords: for super grade, grade one, issues second cotton tender, Karachi Cotton Association, offload cotton bales, procures cotton bales, received low offer, scrapped second tender for cotton, support farmers and domestic market, than reserve price set, Trading Corporation of Pakistan, two and three

Trading Corporation of Pakistan (TCP’s) issued second cotton tender on August 1, 2015 to offload remaining 88,600 cotton bales (crop year 2016-15) including 1,000 bales of super grade, 24,200 of grade-one 62,400 of grade-two and 1,000 cotton bales of grade-three, after the sale of 6,800 cotton bales through first cotton tender, which was scrapped as it received offers lower than the reserve price set for the sale of the commodity.

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