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  • Raw sugar export parity remains entrenched in negative territory; 19.1c/lb is where we’ll see unsubsidised raws exports for 2020/21 become competitive.
  • The No.5 futures have come up slightly this week; 482 USD/mt is where we’ll see unsubsidised low-quality white sugar exports for 2020/21 become competitive.
  • The USD/INR FX has remained stable this week, meaning it has no impact on export parity.

Spot Export Parity Update 

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Fiona Tan

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