October NY world sugar #11 (SBV24) Thursday closed up +0.20 (+1.13%), and Oct London ICE white sugar #5 (SWV24) closed up +6.50 (+1.29%). Sugar prices Thursday moved higher after Conab, Brazil’s government crop forecasting agency, cut its 2024/25 Brazil Center South sugar production estimate to 42 MMT from a previous forecast of 42.7 MMT, citing lower sugarcane yields due to drought and excessive heat. However, Unica reported last Tuesday that Brazil’s Center-South sugar production in the 2024/25 marketing year through July was up by +8% y/y at 20.753 MMT. Optimism that above-average monsoon r…