The Ministry of Commerce said on Thursday that India will start exporting raw sugar to China from the beginning of next year. This step will help to bridge the trade deficit with neighboring countries. In a statement, the ministry said that an agreement has been signed for the export of 1500 tonnes of raw sugar between the Indian Sugar Mill Association (ISMA) and the Chinese government's public sector undertaking, Kauffo.
It has been reported that China plans to export 2 million tonnes of raw sugar from the beginning of next year. The Ministry said, raw sugar is the second product after non-basmati rice which will be imported from China, India. This is the step taken to reduce the $ 60 billion trade deficit with China. India had exported US $ 33 billion in the year 2017-18, while it imports 76.2 billion US dollars. India has become the largest producer of sugar in the world in the year 2018 with the production of 32 million tonnes of sugar. India produces all three grades- raw, refined and white sugar.
The Ministry said that Indian sugar is also of high quality and due to the minimum time taken from cutting to parachine, dexteron is free. India is in a position to become a regular and dependable exporter of high quality sugar for China.