Sugar Prices Pressured as India Boosts Sugar Production and Crude Oil Declines

March NY world sugar #11 (SBH26) on Monday closed down -0.15 (-0.99%), and March London ICE white sugar #5 (SWH26) closed down -3.00 (-0.70%). Sugar prices settled lower on Monday due to higher Indian sugar output and a slide in crude oil prices.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct 1-Dec 15 jumped +28% y/y to 7.8 MMT. More News from Barchart Weakness in crude oil (CLF26) undercuts ethanol prices and may prompt the world's sugar mills to diver ...