• White sugar exports remain viable, with the No.5 still above the 483 USD/mt parity level.
  • Raw sugar exports, however, are not workable, with the No.11 below 19.2c/lb.
  • Maharashtra’s whites prices have fallen slightly to 32,700 INR/mt after a month moving sideways.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Market View: More Indian Sugar, But Does it Matter?

Who is Buying and Selling Raw Sugar?

Explainers That May Be of Interest…

The Sugar Industry in Maharashtra and Karnataka

The Indian Ethanol Industry

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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