July NY world sugar #11 (SBN24) today is down -0.22 (-1.16%), and Aug London ICE white sugar #5 (SWQ24) is down -5.50 (-0.99%). Today, sugar prices are under pressure from a fall in the Brazilian real ([^USDBRL](https://www.barchart.com/forex/quotes/%5EUSDBRL/overview)) to a 17-month low against the dollar. The weaker real encourages export selling from Brazil’s sugar producers. Losses in sugar were limited after the International Sugar Organization (ISO) Monday raised its global 2023/24 sugar deficit estimate to -2.95 MMT from a February estimate of -689,000 MT. The ISO also raised its global…