Sugar exporters eye deals with China, waiting for border tension to ease

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NEW DELHI: Sugar traders are eyeing export deals with China, which they say are viable despite customs duty of 50%, but are afraid that the border tensions between India and China may cast a shadow on the trade . “We can export 300,000 tonnes of sugar to China in the next two to three months,” said Praful Vithalani, chairman, All India Sugar Trade Association. “Trade enquiries have started coming, but companies have yet to sign deals. Everyone is cautious to make deals and will wait for the situation to improve,” he said. India will be competing with Brazil, Cuba and...