Export of raw sugar from India to China to begin early next year

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Export of raw sugar from India to China to begin early next year

New Delhi: The government has said that export of raw sugar from India to China will begin early next year.

A contract for exporting 50,000 tonnes of raw sugar has been entered to by the Indian Sugar Mills Association (ISMA) and COFCO, a Government of China run public sector company.

India plans to export 2 MT of raw sugar to China beginning from next year. Raw sugar is the second product after non-basmati rice that China will import from India. It is a move to reduce the USD 60 billion trade deficit that China has with India. India’s export to China in 2017-18 amounted to USD 33 billion while imports from China stood at USD 76.2 billion.

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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, an official statement has said.