Sugar Moves Lower

N.Y. Sugar Futures are lower Monday at mid-day . March Sugar is trading down 0.23 at 14.56. May Sugar is trading at down 0.24 at 14.80. Market talk that India is expected to produce close to 26 million tonnes of sugar, consumption is expected to be near 24.7 million tonnes. Chatter is that traders are waiting to see government steps to move some supply from last year by way of exports using subsidies.