July NY world sugar #11 (SBN24) on Wednesday closed up +0.14 (+0.73%), and Aug London ICE white sugar #5 (SWQ24) closed up +7.50 (+1.34%). Sugar prices Wednesday recovered from early losses and settled moderately higher when India’s agricultural agency reported the spread of a fungus crop disease called red rot through India’s Uttar Pradesh state, a key sugar-growing region. On Monday, NY sugar rose to a 1-week high and London sugar climbed to a 6-week high on the outlook for India to keep its sugar export restrictions in place after the Indian government said there is no proposal to review it…