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  • With the No.11 futures around the 12c/lb range this week, raw sugar export parity sits well within negative territory; 19c/lb is where we’ll see Indian unsubsidized raws exports for 2020/21 become competitive.
  • The No.5 futures have kept their range this week; USD 485/mt is where we’ll see Indian unsubsidized low-quality exports for 2020/21 become competitive.
  • The USD/INR FX has strengthened this week and reduced the attractiveness of exports.

Spot Export Parity Update

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Note: The amount of export subsidy fluctuates weekly due to variables such as INR:USD, India’s domestic price and No.5 Market levels.

Czapp’s Interactive Data Section

To access this data in our Interactive Data section, select the tile highlighted in yellow below…

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…and you’ll be taken to the report.

Fiona Tan

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