• The No.5 is well above the 492 USD/mt parity level, making white sugar exports workable.
  • The No.11 needs to reach 19.5 c/lb to enable raw exports.
  • Maharashtra’s white sugar prices are still moving sideways, hovering around 33.2 INR/kg.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

The World Needs More Sugar…Can India Help?

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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