Riyadh– The Kingdom of Saudi Arabia, represented by the Saudi General Grain Corporation (SAGO), participated in the 60th session of the International Sugar Organization (ISO) in Fiji Islands as an observer, as well as in the workshop that was held on the sidelines of the session.
SAGO Governor Eng. Ahmed bin Abdulaziz Al-Faris said the Kingdom’s participation in the ISO’s meetings emanates from the important role in the global sugar trade and represents an additional step towards deepening the SAGO’s role in the food security system since sugar is one of the basic commodities on which depends many food commodities and one of the most imported food items from abroad.
The session discussed the global sugar market, namely the climate changes that the world is witnessing and their impact on global supply, in addition to reviewing the latest developments in the market and the most important factors that affect the global supply and demand and their expectations, as well as the latest developments concerning the production of fuel (ethanol) from crops producing raw sugar.
The International Sugar Organization is an intergovernmental organization, based in London, and was established under the International Sugar Agreement in 1968, as the body responsible for managing the agreement. ISO has 87 countries in its membership and is tasked with encouraging sugar trade through the collection and dissemination of information about the commodity’s market, researching its new uses and related products.
The Kingdom of Saudi Arabia was represented in this meeting by the Deputy Governor of SAGO, Mohammed bin Ibrahim Al-Fawzan.
Source: Saudi Press Agency