The decline in sugar prices has been attributed to improved hopes for supplies, with Thailand, the world's second-ranked sugar exporter, expected to achieve record output of 9.0m tonnes in 2010-11.
Indonesia is forecasting a 16% rise to 2.6m tonnes in sugar output, while top exporter Brazil is gearing up for peak production.
ABN Amro said that the sugar market "has the feeling of coming to the end of a bullish period".
New York's July contract stood at 21.00 cents in late deals, down 1.6% on the day. London white sugar for August closed down 1.7% at $582.30 a tonne.
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