Sugar prices closed mixed on Thursday, with London sugar reaching a 1-week high. Oversupply concerns have driven prices down recently, with Brazil and India increasing output. Despite fund short-covering, prices remain low. Brazil’s record sugar production forecast and India’s larger crop estimates further pressure prices. The global sugar deficit is predicted to continue, impacting prices negatively.

Read more at Yahoo Finance: Sugar Prices Undercut by the Outlook for Robust Global Supplies