Insight Focus

  • The INR has stopped weakening this week, unable to break through 82INR to the US dollar.
  • No.11 values have softened below 18c/lb over the same period.
  • This means that raw sugar exports are not viable without physical premiums, however white sugar exports are still workable without.
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If you have any questions, please get in touch with us at Jack@czapp.com.

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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