Barchart - Monday’s gains added to last Friday’s rally of +0.93% in world sugar and +2.94% in London white sugar.
Sugar prices on Monday continued higher amid concerns that an emerging El Niño weather pattern could lead to a poor monsoon season in India, the world's second-largest sugar producer. Also, India's weather office recently lowered its cumulative rainfall estimate for the June-September monsoon season last Friday to 90% of the long-term average, down from a forecast of 92% issued in April.