The government had intended to import 100,000 metric tons of sugar in an effort to stabilize domestic sugar prices, but the tender was canceled when the three bidding businesses’ offers were deemed to be inadequate in terms of both price and quality.
Due to quality and pricing concerns, the tender was canceled.
According to official sources, the government rejected all bids for the import of 100,000 metric tons of sugar since the quality of the proposed sugar did not match required requirements and the indicated rates were considered excessive.
While one company offered $599 per ton for medium-grade sugar, another cited costs between $539 and $567 per ton for fine sugar, which the government deemed unacceptable.
