Sugar Prices Sink on Expectations for the Global Sugar Surplus to Persist

May NY world sugar #11 (SBK26) today is down -0.29 (-2.09%), and May London ICE white sugar #5 (SWK26 ) is down -5.80 (-1.37%). Sugar prices gave up an early advance today and sold off, with NY sugar sinking to a 5.5-year nearest-futures low. Sugar prices have been under pressure…