• The whites market remains oversupplied. 
  • Following the recent rally, perhaps triggered by the late arrival of the Indian Monsoon, prices have returned to previous levels. 
  • Indian stocks remain high and will continue to build unless the monsoon rains are significantly below average. 
  • But to see exports, a subsidy is needed, so we are waiting for the Indian Government. 
  • Elsewhere supply appears to be improving with great European weather for sugar beet and Russia expecting to export significant volumes (premium content).  

No.5 Price

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