Sugar futures are down more than 13% from last month's peak, raw sugar sliding as much as 3.7% to the lowest since Sept 23. India produced 845,000 tons through October, more than eight times last year

What happened: Sugar futures fell after data showed Indian production running well ahead of last season, deepening a slump in prices. Key numbers: Raw sugar fell as much as 3.7% to its lowest intraday price since Sept. 23. India produced 845,000 tons to the end of October, more than eight times last year's output. Why it matters: The data rattled a market where prices had surged on tight stockpiles, and speculative funds paring bets has exacerbated the selloff. Analysts cite weak demand signals and possible El Niño rains in Brazil as risks.

Sugar futures fell after data showed Indian production running well ahead of last season, deepening a slump in prices.

The data rattled a market where prices had surged on tight stockpiles, and speculative funds paring bets has exacerbated the selloff. Analysts cite weak demand signals and possible El Niño rains in Brazil as risks.