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Sugar exports from India to China to begin soon: Government
Nov 09, 2018

Export of raw sugarNSE 3.93 % from India to China will begin early next year, the government said on Thursday. 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 MT of raw sugar to China next year onwards. 
 
India is the largest producer of sugar in the world with 32 MMT production in 2018. India produces sugar of all three grades- raw, refined and white. Indian sugar is also of a high quality and is Dextran free because of the minimum time taken from cut to crush. 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. 
 
    

Economictimes.indiatimes

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