Sugar Prices Slump to 4-Year Lows on Abundant Global Supplies

October NY world sugar #11 (SBV25) today is down -0.28 (-1.80%), and December London ICE white sugar #5 (SWZ25) is down -5.60 (-1.22%). Sugar prices extended Wednesday's selloff today, with NY sugar slumping to a 4.25-year nearest-futures low and London sugar sliding to a 4-year low.   Ramped-up sugar production in Brazil is boosting supplies and undercutting prices.  Unica reported Wednesday that Brazil's Center-South sugar output in the second half of August rose by +18% y/y to 3.872 MT.  Also, the perc ...