Insight Focus

  • We think around 4m tonnes of Indian sugar has been contracted so far in 2022/23.
  • With supply of new crop sugar becoming available, domestic prices in Maharashtra have fallen again.
  • Both raw and white sugar exports are still workable, earning more than sales to the domestic market.
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Raw Sugar Export Margin

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White Sugar Export Margin

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Latest Domestic Price and Exchange Rates

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If you have any questions, please get in touch with us at Jack@czapp.com. 

Jay Kindred

Jay has worked at CZ since 2019, starting as a market analyst before becoming a trader on the CZ derivatives desk in 2023.

As an analyst Jay had been responsible for providing regular content to our premium sugar analysis subscription as well as presenting our current market view to clients.

Since transferring into a trading role Jay has been developing and expanding CZ’s derivatives risk management offering across a broader suite of commodities and instruments.

He holds a BSc (Hons) in Economics from the University of Bath.

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