Commodity Update- Indian Sugar industry holds talks with South Korea
A delegation of Indian Sugar industry held talks with top representatives of all three Sugar refineries in South Korea during the seventh round of India-South Korea Comprehensive Economic Partnership Agreement (CEPA) to pursue the matter of exports of sweetener to the country.
The negotiations were held in South Korea between December 11 and 13.
South Korea imports around 15 lakh tonnes of Raw Sugar annually and Indian Sugar industry is making to export Raw Sugar from India during 2018-19 Sugar season.
The discussions were positive and subject to Indian Sugar industry meeting quality standards and specifications prescribed by the South Korean government.
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.
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