July NY world sugar #11 (SBN24) on Tuesday closed up +0.32 (+1.74%), and Aug London ICE white sugar #5 (SWQ24) closed up +7.60 (+1.39%). Sugar prices posted moderate gains on Tuesday, with NY sugar climbing to a 1-1/2 week high. Sugar moved higher on signs that the recent drop in sugar prices sparked a surge in sugar demand. According to Green Pool Commodity Specialists, several large sugar-consuming countries, including China, the world’s largest sugar importer, have boosted sugar imports after the recent slump in prices to a 1-1/2 year low. An excessive short position by funds in NY sugar fu…