Sugar Prices Supported by the Prospects of Smaller Sugar Exports From India

March NY world sugar #11 (SBH26) today is up +0.14 (+0.95%), and March London ICE white sugar #5 (SWH26) is up +2.50 (+0.59%). Sugar prices are posting moderate gains today as they continue to consolidate below last Wednesday's 1-month highs.  Sugar is supported by the recent news that India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, which could encourage India's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thu ...