Sugar Prices Sharply Lower as India Ramps Up Sugar Production

March NY world sugar #11 (SBH26) on Monday closed down -0.45 (-2.96%), and March London ICE white sugar #5 (SWH26) closed down -14.40 (-3.31%). Sugar prices fell sharply to 1-week lows on Monday as India ramped up sugar production.  The India National Federation of Cooperative Sugar Factories Ltd reported Monday that Indian sugar production from Oct-Nov jumped +50% y/y to 4.1 MMT.  The India Coop also reported that 424 sugar mills in India were crushing cane as of November 30, up from 382 a year ago, with ...