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China sets 2020 sugar import quota at 1.95mn tonnes
Companies applying for the quota must have processed 600 tonnes and more raw sugar per day in 2018.
Among the
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- Companies applying for the quota must have processed 600 tonnes and more raw sugar per day in 2018.
- Among the total import quota for the commodity, 70pc would be allocated to state-owned firms.
BEIJING: China set the 2020 sugar import quota at 1.945 million tonnes, the commerce ministry said on Monday.
Among the total import quota for the commodity, 70pc would be allocated to state-owned firms, according to the Ministry of Commerce website.
Companies applying for the quota must have processed 600 tonnes and more raw sugar per day in 2018, or sold 450 million yuan ($63.73 million) and more worth of sugar during the year, the statement said.
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