October NY world sugar #11 (SBV24) today is down -0.10 (-0.53%), and Oct London ICE white sugar #5 (SWV24) is down -6.10 (-1.14%). Sugar prices today slid to 2-week lows and are moderately lower on optimism that above-average monsoon rains in India will lead to a bumper sugar crop. The Indian Meteorological Department reported last Thursday that India received 792.5 mm of rain during the current monsoon season as of September 5, or 8% more than the comparable long-term average of 734.8 mm. India’s monsoon season runs from June through September. Also, increased sugar production in Brazil is a …