Insight Focus

  • The No.11 has weakened below the 19.2 c/lb level needed to allow raws exports without a physical premium.
  • Whites exports are still viable above 483 USD/mt and earn around 50 USD more than domestic sales.
  • The INR has been gradually strengthening and now sits at 76.5INR to the USD.

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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Market View: Trade the Range

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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