Insight Focus

  • The No.11 has weakened and now sits closer to parity with domestic sales (19.3 c/lb).
  • Whites export margins have narrowed but remain 50 USD/tonne above the parity point (486 USD/tonne).
  • Maharashtra’s whites price has been volatile over the last week, reaching a peak of 37,110 INR/tonne.
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Unsubsidised Spot Export Parity Update

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Other Insights That May Be of Interest…

Sugar & Omicron: The End of the Trend?

World Sugar Market Five-Year Forecast

Market View: New Czapp, Same Sugar Market

Who is Buying and Selling Raw Sugar?


Explainers That May Be of Interest…

The Indian Ethanol Industry t

A man with a mustache wearing a striped shirt stands with his arms resting on a glass surface in a modern office. The office features a green plant wall and glass partitions in the background.

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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