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Indian sugar industry plans to boost exports to South Korea

PTI:  December 19, 2018

New Delhi: A delegation of domestic sugar industry delegation held discussions with top representatives of all three sugar refineries of South Korea in Seoul with a view to increase shipment of the commodity.

The issue was discussed during the seventh round of India South Korea Comprehensive Economic Partnership Agreement (CEPA) negotiations, held in Seoul last week.

"South Korea imports around 15 lakh tonnes of raw sugar annually and the Indian sugar industry is making efforts to export raw sugar from India during 2018-19 sugar season," the commerce ministry said in a statement Tuesday.

It said that the discussions were positive, and subject to Indian sugar industry meeting the quality standards and specifications prescribed by the South Korea.

"The Indian sugar industry will undertake further discussions and talks with the sugar refineries in South Korea to pursue the matter further so that sugar exports may take place from India to South Korea," it added.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.