Greater sugar production in India puts pressure on prices
The No. 11 New York May World Sugar (SBK26) closed Thursday down -0.29 (-1.90%), and the No. 5 London ICE May White Sugar (SWK26) closed down -6.40 (-1.45%). Sugar prices fell to two-week lows on Thursday and stabilized sharply lower. Underpriced sugar production in India was increased on Thursday after the National Federation of Cooperative…