October NY world sugar #11 (SBV24) today is down -0.12 (-0.65%), and Oct London ICE white sugar #5 (SWV24) is down -4.70 (-0.89%). Sugar prices today are moderately lower on optimism that above-average monsoon rains in India will lead to a bumper sugar crop. The Indian Meteorological Department reported Sunday that India received 579.7 mm of rain during the current monsoon season as of August 11, 7% more than the comparable long-term average of 481.9 mm. India’s monsoon season runs from June through September. Sugar prices have been under pressure over the past month on signs of larger global …