India has achieved a significant milestone in the realm of global sugar production and trade as it was announced as the Chair of the International Sugar Organisation (ISO) for the year 2024 during the 63rd council meeting. Headquartered in London, the ISO plays a pivotal role in shaping the international sugar sector, and India’s leadership role reflects its growing stature in this domain.
India becomes Chair of the International Sugar Organisation (ISO) for 2024 to lead the global sugar sector
India pays highest cane price in the World to sugarcane farmers
Despite Record high Global Sugar Prices, India ensures the Cheapest sugar to its people
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— PIB India (@PIB_India) November 24, 2023
During the ISO Council Meeting, Sanjeev Chopra, Secretary (Food), expressed India’s commitment to promote sustainable practices in sugarcane cultivation, sugar and ethanol production, and the efficient utilization of by-products. He highlighted India’s desire to garner support and cooperation from all member countries in these endeavors.
India holds a unique position in the global sugar landscape, being the largest consumer and the second-largest producer of sugar worldwide. With a 15% share in global sugar consumption and contributing around 20% of total sugar production, India’s actions significantly influence global sugar markets.
In the Eastern Hemisphere, India proudly leads the sugar market, complementing Brazil’s dominance in the Western Hemisphere. Furthermore, India’s ascent as the world’s third-largest producer of ethanol, trailing only behind the United States and Brazil, aligns perfectly with global green energy goals. An impressive increase from a 5% ethanol blending rate in 2019-20 to 12% in 2022-23, coupled with a production surge from 173 crore litres to over 500 crore litres during the same period, underscores India’s commitment to sustainable energy practices.
India’s sugar industry has undergone a transformative journey, embracing modernization, expansion, and diversification. By tapping into the potential of by-products, the industry has generated additional revenue streams and established a sustainable and profitable business model. Even during the challenging COVID-19 pandemic, the Indian sugar industry exhibited resilience by maintaining mill operations and stepping up to produce ample supplies of hand sanitizers.
India’s dedication to consumers is equally evident, demonstrated by its ability to maintain consistent and stable domestic sugar retail prices. Despite a staggering 40% surge in global sugar prices over the past year, India has limited its sugar price hikes to a mere 5%, sparing the industry and consumers from an additional financial burden.
On the technological front, the National Sugar Institute in Kanpur has expanded its horizons, engaging in fruitful collaborations with numerous countries, including Indonesia, Nigeria, Egypt, Fiji, and others. These partnerships are dedicated to sharing cutting-edge technologies and best practices in the sugar sector.
