Can India Export Sugar Today? 17th September 2020

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  • 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.

Spot Export Parity Update

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