• With the No.11 futures on a downtrend this week, raw export parity is back to negative territory. 13.2 c/lb is where we will see Indian raw subsidized exports become competitive.
• The No.5 futures have maintained their range this week, allowing Indian whites exports to stay well within the positive range.
• The USD/INR FX has strengthened and reduced the attractiveness of exports.

Note: India has now sold its quota for the year meaning these levels are now indicative.

Spot Export Parity Update

Czapp’s Interactive Data Section

To access this data in our Interactive Data section, select the tile highlighted in yellow below…

…and you’ll be taken to the report.