REPORTS

Barchart - Sugar prices moved lower on Thursday, with NY sugar matching a 1-month low posted earlier this month. Sugar prices are under pressure amid the prospects of higher Indian sugar output as monsoon rains improve. India’s Meteorological Department reported on Wednesday that India’s cumulative monsoon rainfall was 15% below normal as of July 29, a substantial improvement from 42% below normal on June 30. India’s Earth Science Ministry initially warned that this year’s monsoon in India could be the weakest in 11 years. India’s monsoon season runs from June through September.