Sugar futures are experiencing a decline on both the New York and London Stock Exchanges, with prices retracting from the previous session's gains. The March/25 contract in New York is now within the 19 cents/lbp range, marking a 0.19 cents decrease. Similarly, in London, the March/25 contract has seen a slight drop to US$504.40. This downturn comes after a sharp decline in the fourth quarter of 2024, with a notable recovery being limited due to improved prospects for Brazil's sugarcane crop following recent rains.