financetom
Business
financetom
/
Business
/
Global sugar body spots opportunity for Indian exporters in Kazakhstan, Azerbaijan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Global sugar body spots opportunity for Indian exporters in Kazakhstan, Azerbaijan
Sep 21, 2023 11:30 AM

José Orive, Executive Director at the International Sugar Organisation (ISO), has described the lower supply of Russian beet sugar to big plants of aerated drinks in Kazakhstan and Azerbaijan as a big opportunity for Indian exporters.

Share Market Live

NSE

Advocating for increased efforts on climate-related issues and improved preparedness within the sugar industry, he emphasised that the sector must be responsive to the challenges posed by El Nino in light of unusual weather patterns such as snow on the tips of volcanoes in Guatemala and extreme heat in London, juxtaposed with cold conditions in Spain.

Describing the weather in India's Maharashtra and a drought in North and North-East of Thailand as an exemplified impact of climatic activity, he pitched for more expert bodies to study the impact of climate change.

He cited the example of a Guatemala-based institute's study of the impact of climate change on sugar, which he described as predicting weather fice months in advance with 84 percent certainty.

Terming cycles in global sugar production as irregular, he told CNBC-TV18 that it's not possible for now to develop a model to predict the tenure of such cycles, which he currently described as working on an upswing.

He also called for diversification and decarbonisation in the sugar industry and welcomed the progress made by India and Brazil to amicably resolve their ongoing sugar dispute, which also involves Thailand and Guatemala.

While calling for the world to move ahead together in the absence of any export subsidies, he described claims dubbing the growing of sugarcane as a waste of water as one of the biggest fallacies in the world.

Stating that sugarcane has the second lowest carbon footprint of any arable crop, he questioned the work of many environment groups, terming them as "radical" for raising schisms like "land versus food" and "fuel versus food".

He stated that at COP 26, they presented scientific, peer-reviewed evidence on the subject in the hope of opening the eyes of many naysayers. He claimed that no factual data anywhere proves or lends credence to the allegation of sugarcane as a water-guzzling crop.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved