India, the world’s largest consumer and second-largest producer of sugar, has secured the prestigious position of Chair for the International Sugar Organization (ISO) in 2024. The announcement was made during the 63rd council meeting of the ISO in London, marking India’s ascendancy in the global sugar sector, as stated in a press release by the Ministry of Consumer Affairs, Food, and Public Distribution.
Sanjeev Chopra, Secretary (Food) of the Government of India, conveyed India’s commitment to championing sustainable practices in sugarcane cultivation, sugar and ethanol production, and maximizing the utilization of by-products.
With a significant 15% share of global sugar consumption and contributing 20% to global sugar production, India’s influence on global sugar trends is undeniable, according to the press release. As the largest consumer and second-largest producer, India is well-positioned to lead the apex international body for sugar-related products, the ISO, which boasts a membership of around 90 countries.
India’s role as a market leader in the Eastern Hemisphere complements Brazil’s influence in the Western Hemisphere, playing a pivotal role in shaping the global sugar market.
Furthermore, India’s rise to the position of the third-largest country in the world in ethanol production underscores its commitment to green energy and addressing challenges related to surplus sugar in the domestic market. The press release highlighted India’s proactive approach towards green energy, with ethanol blending reaching 12% in the financial year 2022–23, up from 5% in 2019–20.
The Indian sugar industry’s resilience and adaptability were showcased during the COVID-19 pandemic, with mills operating during lockdowns and contributing to the country’s demand for hand sanitizers.
India’s commitment to farmers was emphasized, with the historic low in cane dues pendency. More than 98% of cane dues for the 2022–23 season have been cleared, and over 99.9% of cane dues from previous seasons have been settled, according to the press release.
India’s consumer-centric approach, maintaining domestic sugar retail prices consistent and stable despite a global surge of about 40% in one year, positions the country as a responsible player in the global sugar market.
On the technical front, the National Sugar Institute in Kanpur has extended its collaboration with several countries, including Indonesia, Nigeria, Egypt, and Fiji, showcasing India’s commitment to fostering international cooperation.
As India assumes the Chair of the International Sugar Organization for 2024, the nation is poised to lead the global sugar industry towards sustainable practices, collaborative innovation, and responsible growth, further solidifying its standing as a key player in the international arena.