China Sugar Mill Awaits Verdict On Imports

Image
Mishi Saran BSCAL
Last Updated : Mar 20 1997 | 12:00 AM IST

A south China sugar mill in Jiangmen has run into difficulties with the authorities over the documentation for a 14,000-tonne shipment of raw sugar from Thailand, Asian traders said on Wednesday. They said the consignment lacked the requisite import licences. An official at the mill, asked by Reuters if this was the case, declined to comment on details. This matter is still being explored and there will be a decision, he said without elaboration. The official did not say when a decision on the cargo would be reached.

Traders said last week that a 14,000-tonne cargo of Thai sugar was discharging at the southern Chinese port of Taishan, but whether the buyer had a valid import licence was questionable.

The problems faced by Jiangmens sugar mill made the fate of two other cargoes headed for China very uncertain, they added. Traders said that the Marina Lauri, which left Thailand on March 7 carrying 10,000 tonnes of raw sugar in bags, had arrived at Chinas marine borders near Xingang port at the northern city of Tianjin.

The ship is not berthed, and will be inspected, said a sugar trader.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Mar 20 1997 | 12:00 AM IST

Next Story