• Although the No.11 has strengthened in recent days, it remains 130 points below the level at which exports become viable.
  • The No.5’s recovery means whites exports are viable, reaching parity at 495 USD/mt.
  • This is hindered by the continued strengthening of the Rupee, which now sits below 74 INR.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

The World Needs More Sugar…Who Can Help?

The World Needs More Sugar…Can India Help?

Explainers That May Be of Interest…

The Indian Ethanol Industry

Jay Kindred

Jay joined Czarnikow full time in 2021 following a one year internship in 2019. As an intern he focused on the development of tools and dashboards to advance effective communication of data throughout the business and to clients. Jay is currently responsible for analysis of the European sugar sector, alongside contributing premium reports for Czapp and presenting our current market view to clients. He holds a bachelor’s degree in economics from the University of Bath.

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