NEW DELHI (Reuters) - India will send its first consignment of common grade rice to China on Friday, the government said, following intense lobbying by New Delhi after relations thawed between the two countries.
A consignment of 100 tonnes would be shipped to China National Cereals, Oils and Foodstuffs Corp (COFCO), one of China's state-owned food processing holding companies, India's Ministry of Commerce and Industry said in a statement on Thursday.
China is a leading importer of rice and sugar, while India is the world's biggest exporter of rice.
Prime Minister Narendra Modi finalised an amended agreement in June related to the export of non-basmati varieties of rice from India to China.
New Delhi is concerned about its rising trade deficit with China, and has sought greater access to the world's second-largest economy for agricultural products including rapeseed, soybeans and sugar.
(Reporting by Sudarshan Varadhan; Editing by Christian Schmollinger)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app