64th International Sugar Organisation Council Meeting in New Delhi
Introduction to the Meeting
The 64th International Sugar Organisation (ISO) Council meeting commenced on June 25, 2024, at Bharat Mandapam in New Delhi. This significant event gathers delegates from over 30 countries to discuss pivotal issues concerning the global sugar and biofuel industries. The meeting, scheduled from June 25-27, 2024, is a vital platform for collaboration and knowledge sharing among international stakeholders.
India’s Role as Chairman
India assumed the chairmanship of the ISO for 2024 during the 63rd ISO Council meeting in London. As the current chair, India is hosting the 64th meeting, led by Sanjeev Chopra, Secretary of the Department of Food and Public Distribution, Ministry of Consumer Affairs, Government of India. This role underscores India’s strategic importance in the global sugar industry.
Global Sugar Industry Insights
The ISO reports that 110 countries produce sugar, primarily from sugarcane and sugar beet, with 80% of the world’s sugar derived from sugarcane. Brazil leads as the largest producer, followed by India, which is also the largest consumer and second-largest producer of sugar. India contributes about 15% to global sugar consumption and 20% to production. Additionally, India ranks as the third-largest producer of ethanol, a biofuel made from sugarcane molasses.
Fair and Remunerative Prices for 2024-25
The Indian government has announced the Fair and Remunerative Prices (FRP) for the 2024-25 sugarcane season. The minimum FRP is set at Rs 315.10 per quintal for a sugar recovery rate of 9.5% or less, with higher rates for better recovery. This pricing strategy aims to ensure fair compensation for farmers and promote sustainable agricultural practices.
Inauguration and Key Highlights
Union Minister Pralhad Joshi inaugurated the meeting, emphasizing India’s commitment to farmer welfare and advancements in the sugar and biofuel sectors. Sanjeev Chopra highlighted the importance of sustainable practices and international collaboration. Workshops on topics like sustainability, mechanization, and green hydrogen were key features, promoting technological advancements in the industry.
Why This News is Important
Enhancing India’s Global Role
The chairmanship of the ISO Council by India for 2024 highlights its growing influence in the global sugar industry. This leadership role allows India to shape international policies and collaborate on critical issues affecting the sector.
Focus on Sustainability
The discussions on sustainable practices in the sugar and biofuel industries are crucial. With climate change posing significant challenges, promoting sustainable agricultural practices and advancing biofuel technology are essential for environmental conservation.
Economic Implications
The announcement of the Fair and Remunerative Prices (FRP) for the 2024-25 season is vital for India’s sugarcane farmers. Ensuring fair compensation encourages better production practices, contributing to the economic stability of the agricultural sector.
Technological Advancements
Workshops on topics like farm mechanization, digitization, and green hydrogen underscore the importance of innovation in agriculture. These advancements can lead to increased efficiency, reduced costs, and improved environmental outcomes.
International Collaboration
The meeting provides a platform for international cooperation, essential for addressing global challenges in the sugar and biofuel sectors. Collaborative efforts can lead to shared solutions, benefiting all member countries.
Historical Context
Formation of the ISO
The International Sugar Organisation was established in 1968 to provide a forum for major sugar-producing, consuming, and trading countries to discuss industry-related issues. With 87 member countries, the ISO represents a significant portion of global sugar production and trade.
India’s Position in the Global Sugar Industry
Historically, India has been a major player in the global sugar industry. As the second-largest producer and largest consumer of sugar, India’s policies and practices significantly impact global markets. The country has also been advancing in ethanol production, contributing to its strategic importance in the biofuel sector.
Previous ISO Council Meetings
The ISO Council sessions are held biannually, mainly in May and November, to address global sugar industry policies. These meetings have historically been pivotal in shaping international sugar trade regulations and promoting industry advancements.
Key Takeaways from the 64th ISO Council Meeting
| Serial No. | Key Takeaway |
|---|---|
| 1 | India chairs the 64th ISO Council meeting in 2024. |
| 2 | Global sugar industry insights and India’s leading role. |
| 3 | Announcement of Fair and Remunerative Prices for 2024-25. |
| 4 | Emphasis on sustainable practices and biofuel advancements. |
| 5 | Importance of international collaboration and technological innovation. |
Important FAQs for Students from this News
1. What is the International Sugar Organisation (ISO)?
The International Sugar Organisation (ISO) is an intergovernmental body established in 1968 to provide a forum for major sugar-producing, consuming, and trading countries to discuss industry-related issues. It has 87 member countries representing a significant portion of global sugar production and trade.
2. Why is the 64th ISO Council meeting significant?
The 64th ISO Council meeting is significant as it addresses global sugar and biofuel industry issues, promotes international collaboration, and highlights India’s role as the chair for 2024, emphasizing sustainable practices and technological advancements in the sector.
3. What are Fair and Remunerative Prices (FRP) for sugarcane?
Fair and Remunerative Prices (FRP) are the minimum prices set by the government to ensure fair compensation for sugarcane farmers. For the 2024-25 season, the FRP is set at Rs 315.10 per quintal for a sugar recovery rate of 9.5% or less, with higher rates for better recovery.
4. How does India contribute to the global sugar industry?
India is the largest consumer and second-largest producer of sugar, contributing about 15% to global sugar consumption and 20% to production. It also ranks as the third-largest producer of ethanol, a biofuel made from sugarcane molasses.
5. What are the key topics discussed at the 64th ISO Council meeting?
Key topics include sustainability in the sugar and biofuel industries, fair pricing for farmers, technological advancements like farm mechanization and green hydrogen, and international collaboration to address global challenges in the sector.
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