11/17/2012

Sri Lanka to apply for membership of International Sugar Organization

Sri Lanka government has decided to apply for the membership of the International Sugar Organization.

The cabinet of Ministers has endorsed a proposal set forth by the Ministry of Minor Export Crop Promotion in this regard.

The International Sugar Organization which was launched in 1962 is an intergovernmental body devoted to improving conditions on the world's sugar market through debate, analysis, special studies, transparent statistics, seminars, conferences and workshop.

It presently has a membership of 50 nations including European Union. The annual per capita consumption of sugar in Sri Lanka is around 30 kg and the current total annual requirement of sugar in the country is about 550,000 metric tons. Sri Lanka produced 35,000 metric tons of sugar in 2011.

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