Indian Named the Chair of International Sugar Organisation for 2024

November 25, 2023

India, the largest consumer and the second-largest producer of sugar worldwide, has achieved a significant milestone by being named the Chair of the International Sugar Organisation (ISO) for the year 2024. This announcement was made during the 63rd council meeting of the ISO held in London, marking India’s ascendancy in the global sugar sector.

Commitment to Sustainable Practices

Sanjeev Chopra, Secretary (Food), Government of India, conveyed India’s commitment to leading sustainable practices in sugarcane cultivation, sugar, and ethanol production. The focus is on maximizing the utilization of by-products, underlining India’s dedication to environmentally conscious strategies in the sugar industry.

Global Influence and Market Leadership

With a remarkable 15% share in global sugar consumption and contributing 20% to global sugar production, India’s influence on global sugar trends is undeniable. As the largest consumer and second-largest producer, India emerges as an ideal candidate to lead the ISO, which comprises around 90 member countries.

Key Player in Eastern Hemisphere

While Brazil holds sway in the Western Hemisphere, India, positioned as the market leader in the Eastern Hemisphere, plays a pivotal role in shaping the global sugar market.

Commitment to Green Energy and Ethanol Production

India’s ascent to the third-largest country in the world in ethanol production highlights its commitment to green energy. The country has significantly increased ethanol blending, reaching 12% in the financial year 2022-23, aligning with efforts to reduce dependence on fossil fuel imports and meet COP 26 targets. Ethanol production has surged from 173 crore litres to over 500 crore litres during the same period.

Resilience During the Pandemic

The Indian sugar industry showcased resilience and adaptability during the COVID-19 pandemic. Operating mills during lockdowns and contributing to the country’s demand for hand sanitizers, the industry demonstrated its robustness.

Fair Practices and Farmer Well-being

India has become the payer of the highest cane price to its farmers while maintaining efficiency, profitability, and self-sufficiency without relying on government financial assistance. The sugar industry’s synergy with the government has resulted in historic lows in cane dues pendency, reflecting the industry’s commitment to prioritizing the well-being of farmers.

Consumer-Centric Approach

India has set a benchmark in keeping domestic sugar retail prices consistent and stable, limiting the increase to just 5%, despite a global surge of about 40% in one year. This consumer-centric approach has positioned India as a responsible player in the global sugar market.

International Collaboration and Knowledge Sharing

On the technical front, the National Sugar Institute in Kanpur has extended collaboration with several countries, including Indonesia, Nigeria, Egypt, and Fiji. This initiative aims to share the latest technologies and best practices in the sugar sector, showcasing India’s commitment to fostering international cooperation.

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