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Analyst Insights Jay Kindred

161 Insights

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.

Can India Export Sugar Today? 10th February 2022

  • Maharashtra’s white sugar price has dropped to 32,300 INR/mt, driving the parity level downwards.
  • This has helped increase white sugar exports margins to almost 25 USD/mt.
  • Additionally, the No.11 is now just 0.5c below the level required for raw sugar exports (19 c/lb).

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 3rd February 2022

  • White sugar exports remain viable, with the No.5 still above the 483 USD/mt parity level.
  • Raw sugar exports, however, are not workable, with the No.11 below 19.2c/lb.
  • Maharashtra’s whites prices have fallen slightly to 32,700 INR/mt after a month moving sideways.

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 27th January 2021

  • White sugar exports remain viable above 490 USD/mt, despite the No.5’s recent downturn.
  • The falling No.11 has sent raw sugar’s export viability further away from the 19.4 c/lb parity point.
  • The rupee has weakened to 75 INR to the US Dollar, aiding export viability.

Jay Kindred

2 years ago

1 min read

Sugar Statshot: The Surplus Grows for 2021/22

  • The world should have 2.8m tonnes more sugar than it needs to satisfy demand this season.
  • This is a 1.3m tonne increase from our December Statshot.
  • Thai production should rebound from the past two drought-hit seasons, but cassava is still gaining area.

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 20th January 2022

  • The No.5 is well above the 492 USD/mt parity level, making white sugar exports workable.
  • The No.11 needs to reach 19.5 c/lb to enable raw exports.
  • Maharashtra’s white sugar prices are still moving sideways, hovering around 33.2 INR/kg.

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 13th January 2022

  • Although the No.11 has strengthened in recent days, it remains 130 points below the level at which exports become viable.
  • The No.5’s recovery means whites exports are viable, reaching parity at 495 USD/mt.
  • This is helped by the continued weakening of the Rupee, which now sits below 74 INR.

Jay Kindred

2 years ago

1 min read

Can India Export Sugar Today? 9th December 2021

  • Indian raw and white sugar exports from Maharashtra are once again viable.
  • Raw sugar export parity is achieved at 19.3c/lb.
  • White sugar exports become workable above 487USD/mt.

Jay Kindred

2 years ago

1 min read