March NY world sugar #11 (SBH23) on Monday closed up +0.25 (+1.19%), and March London white sugar #5 (SWH23) closed up +6.30 (+1.12%). Sugar prices Monday extended their week-long rally, with NY sugar soaring to a nearly 6-year high and London sugar climbing to a 1-month high. Sugar prices are rising on speculation that smaller sugar output in India will dissuade the government from allowing additional sugar exports. India’s National Federation of Cooperative Sugar Factories projects that India’s 2022/23 sugar production will fall -4.5% y/y to 34.3 MMT. India’s Food Secretary Chopra said earli…