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TCP invites yet another fresh bids to offload cotton stock

Related Keywords: delay in sale to increase financial losses, inspect cotton at TCPs Pipri Godown, interested parties, invites fresh bids, limit fixed, minimum two hundred bales, offload cotton stock, prebid conference, seventh cotton tender, TCP, Trade Corporation of Pakistan

The Trading Corporation of Pakistan (TCP) has decided to invite fresh bids to offload cotton stocks as any delay in sale of commodity will increase financial losses. . TCP's seventh cotton tender for sale of 84,600 cotton bales will be opened on October 13, 2015. According to the tender document interested parties can inspect cotton on October 12 at TCP's Pipri Godown and later a pre-bid conference will be held in the board room of the TCP office at 3:30 pm.

TCP’s sixth cotton tender scraped on nil participation

Related Keywords: cotton tender, domestic market, failed to attract single bid, impose of ten percent advance tax, offload cotton stock, reluctant to procure cotton, scrap the tender, textile mills and traders, Trading Corporation of Pakistan

Trading Corporation of Pakistan (TCP) once again at its sixth cotton tender announced to offload cotton stock procured from the domestic market to facilitate the farmers did not fetch a single bid. It failed to attract textile mills and trader for cotton procurement, textile mills were reluctant to procure cotton from the state-run grain trader. Previously , TCP not received a single bid in the fifth cotton tender too, which was opened on September 14, 2015.

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