Insight Focus

  • Indian mills cannot sell any more sugar for export the 2021/22 season as there are no more licenses left.
  • However, exports are expected to be permitted for the upcoming 2022/23 crop year.
  • At today’s prices mills would need the No.11 higher than 18.4c/lb, and the No.5 above 465USD/mt for exports to be workable in 2022/23.
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Spot Export Parity Update

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Other Insights That May Be of Interest…

Farmer Diaries (China): Coping with 40-Year High Rainfall

How Does a Re-Export Sugar Refinery Work

Order Flow: Speculators Neutral in Raw Sugar


Explainers That May Be of Interest…

Czapp Explains: 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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