• Raw sugar exports are not currently workable as they are 0.6c/lb below the 19.3 c/lbs parity level.
  • White sugar exports still earn around 20USD/mt more on the world market, with exports preferred when the No.5 is above 486USD/mt.
  • There is currently around 1m tonnes of sugar left uncontracted from the 2021/22 Indian crop.  

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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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