November 8, 2018 / 11:28 AM / 7 months ago

India plans to export two million tonnes of sugar to China from next year - government

A Kashmiri labourer prepares to carry a sack containing sugar inside a government warehouse in Srinagar, August 4, 2015. REUTERS/Danish Ismail/File Photo

NEW DELHI (Reuters) - India plans to export 2 million tonnes of raw sugar to China from next year, the trade ministry said on Thursday, as part of efforts to trim bulging stocks of the sweetener and bridge a widening trade deficit.

Producers’ body Indian Sugar Mills Association and China’s state trader COFCO have already signed an initial deal for 15,000 tonnes of sugar, the ministry said in a statement.

Last month, the ministry said India was keen to sell more rice and sugar to China to help cut the widening trade deficit.

Reporting by Mayank Bhardwaj; Editing by Subhranshu Sahu

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