October NY world sugar #11 (SBV24) Tuesday closed up +0.57 (+2.53%), and December London ICE white sugar #5 (SWZ24) closed up +10.90 (+1.86%). Sugar prices posted moderate gains on Tuesday, with NY sugar climbing to a 6-3/4 month high. Drought conditions in Brazil have reduced the country’s sugar production prospects and are pushing sugar prices higher. Last Friday, Rabobank cut its 2024/25 Brazil sugar production forecast to 39.3 MMT from a previous forecast of 40.3 MMT, citing excessive dryness. Drought and excessive heat have caused massive fires in Brazil that have damaged sugar crops in B…