Insight Focus

  • Maharashtra’s whites price has dropped by over 1,000 INR to 31,150 INR/mt since the start of the week.
  • This has helped raw sugar export parity fall below 18 c/lb, increasing the margin over domestic sales.
  • Equally, white sugar exports pay over 90 USD/mt more than domestic sales.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Market View: Back to Sideways


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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