Sugar prices fall as Brazil production drops

March NY world sugar #11 (SBH27) is down -0.11 (-0.56%), and December London ICE white sugar #5 (SWZ26) is down -10.40 (-1.97%).

Brazilian sugar production in the first half of October fell -23% y/y to 2.15 MMT. Persistent El Nino rainfall in Brazil has disrupted harvest and slowed cane crushing.