October NY world sugar #11 (SBV24) today is down -0.44 (-2.32%), and Oct London ICE white sugar #5 (SWV24) is down -11.10 (-2.07%). Sugar prices today are sliding on the outlook for above-average monsoon rains in India to boost its sugar crop. The India Meteorological Department today forecast monsoon rainfall in India will be 106% of the long-term average of 422.8 mm (16.65 inches) during August and September. The Indian Meteorological Department reported Monday that India received 430.2 mm of rain during the current monsoon season as of July 28, up +3% from the comparable long-term average o…