Indian Government is all set to export raw sugar to China from next year, and this 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 signed between Indian Sugar Mills Association and COFCO, a government of China run public sector Company.
India’s export to China in 2017-18 amounted to $33 billion while imports from China stood at $76.2 billion.
India is the largest producer of sugar in the world with 32 MT productions in 2018 and plans to export 2 MT of raw sugar to China next year onwards.
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.