New Delhi: India, the largest consumer and second largest producer of sugar globally, has achieved a remarkable achievement by becoming the President of the International Sugar Organization.iso) for the year 2024.
According to a press release from the Ministry of Consumer Affairs, Food and Public Distribution, the announcement was made during the 63rd Council Meeting of ISO held in London, reflecting India’s rise at the global level. sugar area,
Sanjeev Chopra, Secretary (Food), Government of India, expressed India’s commitment to lead sustainable practices in sugarcane cultivation, sugar and ethanol production and to maximize the utilization of by-products.
With a substantial share of 15 percent in global sugar Contributing to 20 per cent of consumption and global sugar production, India’s influence on global sugar trends is undeniable, the press release said.
The country’s position as the largest consumer and second largest producer makes it an ideal candidate to lead the International Sugar Organization, the top international body for sugar-related products, which has a membership of about 90 countries.
While Brazil dominates in the Western Hemisphere, India, standing as the market leader in the Eastern Hemisphere, plays a significant role in shaping the global sugar market.
Furthermore, India’s achievement of becoming the world’s third largest country in ethanol production underlines its commitment towards green energy and addressing challenges related to surplus sugar in the domestic market, the press release said.
India’s proactive approach towards green energy is evident from the significant increase in ethanol blending, reaching 12 per cent in financial year 2022-23, up from 5 per cent in 2019-20.
This is in line with the country’s efforts to reduce dependence on fossil fuel imports and contribute to meeting Cop26 targets. During the same period, ethanol production has increased from 173 crore liters to more than 500 crore litres.
The Indian sugar industry has demonstrated resilience and adaptability, which has become evident during the COVID-19 pandemic. By keeping mills running during the lockdown and contributing to the country’s demand for hand sanitizers, the industry has proven its resilience.
Importantly, India has become the highest sugarcane price giver to its farmers while maintaining efficiency, profitability and self-reliance without relying on government financial assistance.
The coordination of the sugar industry with the government has resulted in a historic reduction in the pendency of cane arrears. The press release said that more than 98 per cent of the cane arrears for the 2022-23 season have been paid, and more than 99.9 per cent of the cane arrears of the last season have been paid.
This reflects the industry’s commitment to prioritizing the well-being of farmers.
The press release said India has set a benchmark in keeping domestic sugar retail prices stable and stable, limiting the growth to only 5 per cent, despite global growth of nearly 40 per cent in a year.
This consumer-centric approach has positioned India as a responsible player in the global sugar market.
On the technical front, the National Sugar Institute in Kanpur has expanded its collaboration with several countries including Indonesia, Nigeria, Egypt and Fiji, the release said.
This collaboration aims to share the latest technologies and best practices in the Chinese sector, demonstrating India’s commitment to promoting international cooperation.
As India assumes the presidency of the International Sugar Organization for 2024, the country is set to lead the global sugar industry towards sustainable practices, collaborative innovation and responsible growth, thereby enhancing its position as a major player in the international arena and Will be strong.
According to a press release from the Ministry of Consumer Affairs, Food and Public Distribution, the announcement was made during the 63rd Council Meeting of ISO held in London, reflecting India’s rise at the global level. sugar area,
Sanjeev Chopra, Secretary (Food), Government of India, expressed India’s commitment to lead sustainable practices in sugarcane cultivation, sugar and ethanol production and to maximize the utilization of by-products.
With a substantial share of 15 percent in global sugar Contributing to 20 per cent of consumption and global sugar production, India’s influence on global sugar trends is undeniable, the press release said.
The country’s position as the largest consumer and second largest producer makes it an ideal candidate to lead the International Sugar Organization, the top international body for sugar-related products, which has a membership of about 90 countries.
While Brazil dominates in the Western Hemisphere, India, standing as the market leader in the Eastern Hemisphere, plays a significant role in shaping the global sugar market.
Furthermore, India’s achievement of becoming the world’s third largest country in ethanol production underlines its commitment towards green energy and addressing challenges related to surplus sugar in the domestic market, the press release said.
India’s proactive approach towards green energy is evident from the significant increase in ethanol blending, reaching 12 per cent in financial year 2022-23, up from 5 per cent in 2019-20.
This is in line with the country’s efforts to reduce dependence on fossil fuel imports and contribute to meeting Cop26 targets. During the same period, ethanol production has increased from 173 crore liters to more than 500 crore litres.
The Indian sugar industry has demonstrated resilience and adaptability, which has become evident during the COVID-19 pandemic. By keeping mills running during the lockdown and contributing to the country’s demand for hand sanitizers, the industry has proven its resilience.
Importantly, India has become the highest sugarcane price giver to its farmers while maintaining efficiency, profitability and self-reliance without relying on government financial assistance.
The coordination of the sugar industry with the government has resulted in a historic reduction in the pendency of cane arrears. The press release said that more than 98 per cent of the cane arrears for the 2022-23 season have been paid, and more than 99.9 per cent of the cane arrears of the last season have been paid.
This reflects the industry’s commitment to prioritizing the well-being of farmers.
The press release said India has set a benchmark in keeping domestic sugar retail prices stable and stable, limiting the growth to only 5 per cent, despite global growth of nearly 40 per cent in a year.
This consumer-centric approach has positioned India as a responsible player in the global sugar market.
On the technical front, the National Sugar Institute in Kanpur has expanded its collaboration with several countries including Indonesia, Nigeria, Egypt and Fiji, the release said.
This collaboration aims to share the latest technologies and best practices in the Chinese sector, demonstrating India’s commitment to promoting international cooperation.
As India assumes the presidency of the International Sugar Organization for 2024, the country is set to lead the global sugar industry towards sustainable practices, collaborative innovation and responsible growth, thereby enhancing its position as a major player in the international arena and Will be strong.
(TagstoTranslate)Sustainability(T)Sugar regions(T)ISO(T)Global sugar(T)Biodiversity