Related Keywords: fifth cotton tender, Interested parties can inspect cotton, optimistic response from bidders, Pipri Godown, pre-bid meeting, reserve price calculated on average KCA spot rate, Trading Corporation of Pakistan, two days before the opening date, unveil reserve price
Trading Corporation of Pakistan (TCP), the state-run grain trader to quickly offload cotton stocks has decided to unveil reserve price for fifth cotton tender two days before the opening date. TCP has been forced to take this step owing to slow cotton off take and cancellation of two tenders earlier, due to less than reserve price quotations. The step taken by TCP will help them get an optimistic response from bidders.
