• White sugar prices have bounced back in recent weeks and now sit at $372/mt.
  • However, the whites market remains oversupplied as India looks to subsidise exports in 2021.
  • If the Indian government takes any longer to award the subsidy, the market will tighten, benefitting prices.
  • However, COVID-induced travel restrictions slowing cane cutting and potential container shortages at Indian ports will be bullish for the world market if they transpire.
  • If they don’t, India could flood the world with white and refined sugar.
undefined

undefined

Other Opinions You May Be Interested In…

undefined