• Indian raw sugar exports are now workable below 19c for the first time since August.
  • Maharashtra’s domestic price has fallen to 32,300 INR/mt, driving the parity level downwards.
  • This has also increased white sugar exports margins over the domestic market to almost 25 USD/mt.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Market View: Better Production Outlook Weighs on Sugar Prices

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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