Can India Export Sugar Today? 16th March 2023

Tabasoom Watak

Alongside the existing 6m tonnes of export licences, an additional 1m tonnes of exports could be granted by the Indian government if stock requirements are met.
Domestic sugar prices in Maharashtra remain unchanged at 33.5INR/kg.
White and raw sugar export margins have increased as global market prices have strengthened.

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Jon Whybrow

2 years ago

2 min read

With the No.11 futures around 12c/lb this week, raw sugar export parity sits well within negative territory; 19.5c/lb is where we’ll see unsubsidized Indian raws exports for 2020/21 become competitive.
The No.5 futures have kept their range this week; $478/mt is where we’ll see unsubsidized Indian low-quality white exports for the 2020/21 season become competitive.
The USD/INR FX has been stable this week and does not influence the attractiveness of exports.

Fiona Tan

3 years ago

1 min read

Jon Whybrow

2 years ago

1 min read

Oliver Chapman

3 years ago

1 min read