- Indian mills cannot sell any more sugar for export this season as there are no more licenses left.
- At today’s prices mills would need the No.11 higher than 18.7c/lb, and the No.5 above 472USD/mt for exports to be workable.
- However, mills are unlikely to sell until there is more certainty from the government on exports for next season.
Spot Export Parity Update
Other Insights That May Be of Interest…
Explainers That May Be of Interest…