Sugar Market Trends – 10/03/2020


According to Mr. Gurdev Gill – Agricultural Options Broker at Marex Spectron sugar following the macro and with suppressed crude and currency markets ethanol parity is lowering. World market has dropped below Indian parity so will reduce raw supply, this could in turn increase white supply and at Marex Spectron they have seen a weakening of the white premium, they still see further room for correction especially given the size of the spec long. Gill advises, Buy KK arbitrage back $70 – buy M and N puts – remain short forward structures


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