Insight Focus

  • There is up to 1m tonnes of export volume left uncontracted from the 2021/22 Indian crop.
  • A strengthening No.11 means raws exports are workable again, earning 100 points above the 18.8c/lb parity level.
  • The white sugar export margin has widened to around 80USD/mt, with the No.5 well above the 475USD/mt breakeven point.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Sugar Statshot: 2021/22 Crop Finishes Strongly

War, Weather and History – Putting The Wheat Market in Perspective

Market View: Weather Watch


Explainers That May Be of Interest…

Czapp Explains: 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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