• Although the No.11 has strengthened in recent days, it remains 130 points below the level at which exports become viable.
  • The No.5’s recovery means whites exports are viable, reaching parity at 495 USD/mt.
  • This is hindered by the continued strengthening of the Rupee, which now sits below 74 INR.
undefined

Unsubsidised Spot Export Parity Update

undefined

undefined

Other Insights That May Be of Interest…

The World Needs More Sugar…Who Can Help?

The World Needs More Sugar…Can India Help?

Explainers That May Be of Interest…

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.

More from this author