Can India Export Sugar Today? 3rd September 2020

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  • With the No.11 futures on a downtrend this week, raw sugar exports have slipped back into unviable territory; 13.3 c/lb is where we will see raw sugar exports become competitive. 
  • The No.5 futures have kept their range this week, allowing Indian whites exports to stay within the positive range. 
  • The USD/INR FX has strengthened this week 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

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