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India to begin exporting Sugar to China from early next year: Govt
Commodity Online | November 09 2018
UPDATED 11:55:03 IST

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Export of raw sugar from India to China will begin early next year, the government said in a notification. Raw sugar is the second product after non-basmati rice that China will import from India.

“A contract for exporting 15,000 tonne of raw sugar has been entered to by the Indian Sugar Mills Association and COFCO, a government of China run public sector Company,” said commerce and industry ministry in a statement.

India plans to export 2 million of raw sugar to China next year onwards.

India is the largest producer of sugar in the world with 32 million tonnes production in 2018. India is in a position to become a regular and dependable exporter of high quality sugar in significant volumes to China.

“It is a move to reduce the $60 billion trade deficit that China has with India,” it said.

India’s export to China in 2017-18 amounted to $33 billion while imports from China stood at $76.2 billion.

 

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