• Indian raw sugar exports remain workable at 19.42 c/lb, offering around 0.5 cents over the No.11.
  • White sugar exports are also still viable at 490 USD/mt, yielding around 20 USD/mt over the No.5.
  • Both the domestic price in Maharashtra and USD/INR exchange rate have moved sideways since last week.
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Unsubsidised Spot Export Parity Update

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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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