March NY world sugar #11 (SBH24) on Wednesday closed up +0.07 (+0.30%), and March London ICE white sugar #5 (SWH24) closed up +0.50 (+0.08%). Sugar prices on Wednesday shook off early losses and closed slightly higher, with NY sugar recovering from a 3-1/2 week low. A weaker dollar on Wednesday prompted short covering in sugar futures. A sharp increase in Brazil’s sugar production is negative for prices. On Jan 25, Unica reported that Brazil’s Center-South sugar output jumped +148.6% y/y in the first half of January to 48,000 MT and that sugar output in the 2023/24 crop year through mid-Januar…