Can India Export Sugar Today? 24th September 2020

Fiona Tan

With the No.11 futures around 12.5-13c/lb this week, raw sugar export parity is well within negative territory; 19.5c/lb is where we’ll see unsubsidised Indian raws exports for 2020/21 become competitive.
The No.5 futures have kept their range this week; USD 478/Mt is where we’ll see unsubsidised Indian low-quality white exports become competitive.
The USD/INR FX is stable this week and does not influence the attractiveness of exports.

Spot Export Parity Update

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