• Indian raw sugar exports remain workable at 19.42 c/lb, offering around 0.5 cents over the No.11.
  • White sugar exports are also still viable at 490 USD/mt, yielding around 20 USD/mt over the No.5.
  • Both the domestic price in Maharashtra and USD/INR exchange rate have moved sideways since last week.
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Unsubsidised Spot Export Parity Update

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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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