Brief Market Overview: White Sugar Prices Under India’s Thumb

  • White sugar prices have bounced back in recent weeks and now sit at $372/mt.
  • However, the whites market remains oversupplied as India looks to subsidise exports in 2021.
  • If the Indian government takes any longer to award the subsidy, the market will tighten, benefitting prices.
  • However, COVID-induced travel restrictions slowing cane cutting and potential container shortages at Indian ports will be bullish for the world market if they transpire.
  • If they don’t, India could flood the world with white and refined sugar.
undefined

undefined

Other Opinions You May Be Interested In…

undefined

Sign Up For Your Free Account On Czapp

Want to receive free tailored notifications straight to your inbox?

Join Czapp

Why SAF is the Best Tool to Reduce Net Carbon Emissions

Sustainable aviation fuel (SAF) is the only realistic route for net carbon emissions to be reduced for air travel. However, the challenge for producers is now to upgrade the energy content of SAF feedstocks so they can compete with traditional alternatives.

John Buxton

1 week ago

2 min

SAF Supply and Demand Dynamics

  • There are a few well-established production pathways for SAF.
  • However, these come with their own benefits and disadvantages.
  • More pathways are being approved but scale is proving to be a challenge.
Adelia Lei

John Buxton

1 month ago

2 min