May NY world sugar #11 (SBK24) on Friday closed down -0.40 (-1.92%), and May London ICE white sugar #5 (SWK24) closed up +1.00 (+0.16%). Sugar prices Friday settled mixed, with NY sugar falling to a 3-1/2 month low. Increased sugar output in Brazil is undercutting sugar prices after Unica on Friday reported that Brazil’s Center-South sugar output in the second half of March was 183,000 MT, up +9% from last year. Also, Brazilian sugar output so far in the 2023-24 marketing year through March is up +25.7% y/y to 42.425 MMT. Brazil’s sugar mills have ramped up their cane crushing for more sugar a…