Insight Focus

  • Recent pressure to the No.5 has sharply driven down white sugar export margins.
  • White sugar exports now yield just 7 USD/mt over the 475 USD/mt parity level with domestic sales.
  • The No.11 sits around 0.7 c/lb beneath the 18.8 c/lb required for raws exports.  
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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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