• Raw and white sugar exports are unworkable, once again, following the recent fall in global sugar prices.
  • Domestic raws sales command a 0.7c premium over the No.11, with parity achieved at 19.3c/lb.
  • White sugar exports will be workable if the No.5 strengthens by around 3 USD/mt.

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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Sugar & Omicron: The End of the Trend?

World Sugar Market Five-Year Forecast

Market View: New Czapp, Same Sugar Market

Who is Buying and Selling Raw Sugar?

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.

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