Indonesia keen to buy sugar from India; seeks duty cut on refined palm oil

Indonesia is interested in buying sugar from India but wants latter to cut import duty on refined palm oil and the sweetener substantially to 45 per cent and 5 per cent, respectively, according to sources.

An Indian delegation is scheduled to visit Indonesia this week to negotiate trade between the two nations for these two commodities.

While India is the world's largest sugar producer with huge quantity of exportable surplus, Indonesia is a major producer of edible oils, particularly palm.

According to sources, India is in talks with various countries including China and Indonesia to export surplus