July NY world sugar #11 (SBN24) on Thursday closed down -0.32 (-1.72%), and Aug London ICE white sugar #5 (SWQ24) closed down -6.10 (-1.12%). Sugar prices Thursday added to this week’s losses, with NY sugar falling to a 1-1/2 year nearest-futures low and London sugar dropping to a 1-1/4 year low on the outlook for ample global sugar supplies. Ramped-up sugar production in Brazil is hammering sugar prices. Unica reported Wednesday that Brazil’s sugar production in the second half of April jumped +84.0% y/y to 1,843 MMT, and for the 2024/25 marketing year (Apr-Mar) sugar production rose +65.9% y…