July NY world sugar #11 (SBN24) today is up +0.17 (+0.93%), and Aug London ICE white sugar #5 (SWQ24) is up +3.30 (+0.61%). Sugar prices are mildly higher on some pre-weekend short-covering as they consolidate mildly above the recent major lows. There was fresh bearish news Thursday when India’s Meteorological Department said that the monsoon rains have arrived in southern India, slightly earlier than the normal date of June 1. The rain should improve the prospects for India’s sugar crop. Also, India’s Meteorological Department recently said it expects the 2024 (Jun-Sep) monsoon period to be 1…