New Delhi, Nov 8: Export of raw sugar from India to China will begin early next year.
A contract for exporting 15,000 tonnes of raw sugar has been entered to by the Indian Sugar Mills Association (ISMA) and COFCO (China National Cereals, Oils and Foodstuffs Corporation) ,a Government of China run public sector company.
``Due to the initiative taken by the Ministry of Commerce and several rounds of meetings held by officials of both countries the import of raw sugar has materialised now'', Ministry of Commerce and Industry said in a statement here on Thursday.
India proposes to export 2 million tonnes of raw sugar to China beginning 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 60 billion dollars trade deficit that China has with India. India’s export to China in 2017-18 amounted to 33 billion dollars while imports from China stood at 76.2 billion dollars.
India is the largest producer of sugar in the world with 32 million tonnes production in 2018. It produces sugar of all three grades-- raw, refined and white.
Indian sugar is of high quality and is Dextran free because of the minimum time taken from harvest to crushing.
India is in a position to become a regular and dependable exporter of high quality sugar in significant volumes to China. (UNI)