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NEW DELHI: India, the biggest shopper and second-largest producer of sugar globally, has achieved a exceptional feat by being named the Chair of the International Sugar Organisation (ISO) for the 12 months 2024.
According to a press launch by the Ministry of Consumer Affairs, Food and Public Distribution, this announcement got here throughout the 63rd council assembly of the ISO held in London, signifying India’s ascendancy within the global sugar sector.
Sanjeev Chopra, Secretary (Food), Government of India, expressed India’s dedication to spearheading sustainable practices in sugarcane cultivation, sugar and ethanol manufacturing and maximizing the utilization of by-merchandise.
With a considerable 15 per cent share in global sugar consumption and contributing 20 per cent to global sugar manufacturing, India’s affect on global sugar tendencies is plain, stated the press launch.
The nation’s standing as the biggest shopper and the second-largest producer makes it a perfect candidate to lead the apex worldwide physique for sugar-related merchandise, the International Sugar Organisation, which boasts a membership of round 90 international locations.
While Brazil holds the sway within the Western Hemisphere, India, standing as the market chief within the Eastern Hemisphere, performs a pivotal function in shaping the global sugar market.
Furthermore, India’s ascent to being the third-largest nation on the planet in ethanol manufacturing underscores its dedication to inexperienced power and addressing challenges associated to surplus sugar within the home market, stated the press launch.
India’s proactive strategy towards inexperienced power is obvious in its exceptional enhance in ethanol mixing, reaching 12 per cent within the monetary 12 months 2022-23, up from 5 per cent in 2019-20.
This aligns with the nation’s efforts to scale back dependence on fossil gas imports and contribute to assembly Cop26 targets. Ethanol manufacturing has surged from 173 crore litres to over 500 crore litres throughout the identical interval.
The Indian sugar trade has showcased resilience and adaptableness, evident throughout the Covid-19 pandemic. Operating mills throughout lockdowns and contributing to the nation’s demand for hand sanitisers, the trade has confirmed its robustness.
Importantly, India has change into the payer of the very best cane worth to its farmers whereas sustaining effectivity, profitability, and self-sufficiency with out counting on authorities monetary help.
The sugar trade’s synergy with the federal government has resulted in a historic low in cane dues pendency. More than 98 per cent of cane dues for the 2022-23 season have been cleared, and over 99.9 per cent of cane dues from earlier seasons have been settled, acknowledged the press launch.
This displays the trade’s dedication to prioritizing the effectively-being of farmers.
India has set a benchmark in retaining home sugar retail costs constant and secure, limiting the rise to simply 5 per cent, regardless of a global surge of about 40 per cent in a single 12 months, learn the press launch.
This shopper-centric strategy has positioned India as a accountable participant within the global sugar market.
On the technical entrance, the National Sugar Institute in Kanpur has prolonged its collaboration with a number of international locations, together with Indonesia, Nigeria, Egypt, and Fiji, learn the discharge.
This collaboration goals to share the most recent applied sciences and finest practices within the sugar sector, showcasing India’s dedication to fostering worldwide cooperation.
As India assumes the chair of the International Sugar Organisation for 2024, the nation is poised to lead the global sugar trade towards sustainable practices, collaborative innovation, and accountable development, additional solidifying its standing as a key participant within the worldwide area.
According to a press launch by the Ministry of Consumer Affairs, Food and Public Distribution, this announcement got here throughout the 63rd council assembly of the ISO held in London, signifying India’s ascendancy within the global sugar sector.
Sanjeev Chopra, Secretary (Food), Government of India, expressed India’s dedication to spearheading sustainable practices in sugarcane cultivation, sugar and ethanol manufacturing and maximizing the utilization of by-merchandise.
With a considerable 15 per cent share in global sugar consumption and contributing 20 per cent to global sugar manufacturing, India’s affect on global sugar tendencies is plain, stated the press launch.
The nation’s standing as the biggest shopper and the second-largest producer makes it a perfect candidate to lead the apex worldwide physique for sugar-related merchandise, the International Sugar Organisation, which boasts a membership of round 90 international locations.
While Brazil holds the sway within the Western Hemisphere, India, standing as the market chief within the Eastern Hemisphere, performs a pivotal function in shaping the global sugar market.
Furthermore, India’s ascent to being the third-largest nation on the planet in ethanol manufacturing underscores its dedication to inexperienced power and addressing challenges associated to surplus sugar within the home market, stated the press launch.
India’s proactive strategy towards inexperienced power is obvious in its exceptional enhance in ethanol mixing, reaching 12 per cent within the monetary 12 months 2022-23, up from 5 per cent in 2019-20.
This aligns with the nation’s efforts to scale back dependence on fossil gas imports and contribute to assembly Cop26 targets. Ethanol manufacturing has surged from 173 crore litres to over 500 crore litres throughout the identical interval.
The Indian sugar trade has showcased resilience and adaptableness, evident throughout the Covid-19 pandemic. Operating mills throughout lockdowns and contributing to the nation’s demand for hand sanitisers, the trade has confirmed its robustness.
Importantly, India has change into the payer of the very best cane worth to its farmers whereas sustaining effectivity, profitability, and self-sufficiency with out counting on authorities monetary help.
The sugar trade’s synergy with the federal government has resulted in a historic low in cane dues pendency. More than 98 per cent of cane dues for the 2022-23 season have been cleared, and over 99.9 per cent of cane dues from earlier seasons have been settled, acknowledged the press launch.
This displays the trade’s dedication to prioritizing the effectively-being of farmers.
India has set a benchmark in retaining home sugar retail costs constant and secure, limiting the rise to simply 5 per cent, regardless of a global surge of about 40 per cent in a single 12 months, learn the press launch.
This shopper-centric strategy has positioned India as a accountable participant within the global sugar market.
On the technical entrance, the National Sugar Institute in Kanpur has prolonged its collaboration with a number of international locations, together with Indonesia, Nigeria, Egypt, and Fiji, learn the discharge.
This collaboration goals to share the most recent applied sciences and finest practices within the sugar sector, showcasing India’s dedication to fostering worldwide cooperation.
As India assumes the chair of the International Sugar Organisation for 2024, the nation is poised to lead the global sugar trade towards sustainable practices, collaborative innovation, and accountable development, additional solidifying its standing as a key participant within the worldwide area.
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