Stocks of domestic sugar manufacturing companies like Dhampur Sugar Mills Ltd, Balrampur Chini Mills Ltd, Shakthi Sugars, Ugar Sugar Works Ltd, among others, got a boost and rose up to 7% on Friday following the government’s recent announcement that India is planning to export 2 million tonnes of sugar to China from early 2019. With this step, India will resume exporting raw sugar to China after a decade. The move is aimed at cutting the $60 billion trade deficit with China. The country’s export to China in 2017-18 amounted to $33 billion, while imports from China stood at $76.2 billion. The statement pointed out that raw sugar is the second product after non-basmati rice that China will import from India.