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October NY world sugar #11 (SBV24) on Wednesday closed down -0.08 (-0.39%), and Aug London ICE white sugar #5 (SWQ24) closed down -8.80 (-1.51%). Sugar prices Wednesday gave up an early advance and posted moderate losses after the Indian Sugar and Bio-energy Manufacturers Association forecasted India’s 2023/24 sugar reserves at 9.1 MMT and a surplus of 3.6 MMT and urged the government to reconsider permitting exports of surplus sugar. India extended restrictions on sugar exports from October 31 until further notice to maintain adequate domestic supplies. India allowed mills to export only 6.1 …

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