What’s in the news?
- In its 63rd council meeting, International Sugar Organisation (ISO), headquartered in London, has announced India to be the Chair of the organisation for 2024.
- This is a huge achievement for the country to lead the global sugar sector and reflection of growing stature of the country in this domain.
- India has been the largest consumer and second largest producer of sugar in the world. With about 15% share in global sugar consumption and about 20% production of sugar, Indian sugar trends affects the global markets profusely.
- International Sugar Organisation is the apex international body on sugar and relating products having about 90 countries as members.