Insight Focus 

  • We think around 0.5m tonnes (of a possible 11.2m) are left to be shipped/nominated this season.
  • The rupee has weakened to 80INR to the US dollar, this will improve the viability of exports.
  • The No.11 is 90 points below the domestic market, whilst the No.5 is currently 70USD/mt above the domestic market.
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Spot Export Parity Update

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Other Insights That May Be of Interest…

Czapp Explains: Raw and White Sugar

Farmer Diaries (Australia): Sugarcane Milling Hit by Weather  

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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