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Source: The post is based on the article “International Sugar Organisation (ISO): India chairs it for 2024” published in “PIB” on 24th November 2023
Why in the News?
International Sugar Organisation (ISO) has announced that India will chair the organization for 2024.
What is the International Sugar Organisation (ISO)?
| Specifications | Details |
| Type | Intergovernmental body |
| Established in | 1968 |
| Aim | To improve conditions on the world’s sugar market through debate, discussions, seminars and workshops. |
| Members | 88 (India is one of the member) |
| Significance | The members represent – 1) 87% of world sugar production 2) 64% of world sugar consumption 3) 34% of world imports and 4) 92% of world exports |
| Headquarter | London, UK |
Status of Indian Sugar Industry
1) India is the largest consumer (15%) and second largest producer (20%) of sugar in the world.
2) India is the 3rd largest country in the world in ethanol production after the USA and Brazil. The ethanol blending percentage in India has increased from 5% in 2019-20 to 12% in 2022-23.
3) Despite record high global sugar prices, India ensures the cheapest sugar to its people.
UPSC Syllabus: International Organizations
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