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October NY world sugar #11 (SBV24) on Friday closed down -0.39 (-1.90%), and Aug London ICE white sugar #5 (SWQ24) closed down -9.30 (-1.59%). Sugar prices posted moderate losses on Friday, with London sugar falling to a 1-week low. Sugar prices are under pressure on negative carryover from Wednesday when the Indian Sugar and Bio-energy Manufacturers Association (ISM) 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 …

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