Sugar prices declined as improved monsoon rains in India eased supply concerns. October NY world sugar #11 fell 0.04 to 14.73 cents per pound, and October London ICE white sugar #5 dropped 5.00 to 458.00 dollars per metric ton. India’s cumulative monsoon rainfall improved to 19% below normal as of July 22, up from 42% below normal on June 30, boosting the outlook for the world’s second-largest sugar producer. A stronger dollar also weighed on prices, though a more than 6% surge in WTI crude oil provided some support by potentially diverting more cane toward ethanol production. Funds hold a record net-long position in London white sugar, which could amplify any downturn.