Insight Focus

  • The No.11 is below the 18.8 c/lb export parity point, but we’ve recently seen mills contract at this level.
  • A strengthening No.5 means white sugar export margins have widened further.
  • Whites exports now yield more than 40 USD over the 475 USD/mt parity level with domestic sales.

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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Russia & Ukraine Grain Flows Likely to Be Disrupted into H2’22

What the Ukraine Crisis Means for PET

Market View: Why Isn’t the Sugar Market Stronger?

Ukraine & Grains: Who is Most at Risk?

Jay Kindred

Jay has worked at CZ since 2019, starting as a market analyst before becoming a trader on the CZ derivatives desk in 2023.

As an analyst Jay had been responsible for providing regular content to our premium sugar analysis subscription as well as presenting our current market view to clients.

Since transferring into a trading role Jay has been developing and expanding CZ’s derivatives risk management offering across a broader suite of commodities and instruments.

He holds a BSc (Hons) in Economics from the University of Bath.

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