The Sugar Premium is the refining margin for buying raw sugar and selling refined sugar. The calculation is White Sugar (SWxx) - [Raw Sugar (SBxx) x 22.0462]. The calculation simply puts both into $/MT. Raw Sugar is quoted as Cents/LB, so multiplying by 2204.62 lbs/MT and dividing by 100 Cents/Dollar, x 22.0462.
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