Raw sugar futures on ICE Futures US at 7:41 am EST (1241 GMT). March raw sugar sank 0.48 cent to 25.14 cents per lb. Ranging from 25.12 to 25.81 cents. Volume in March contract a modest 7,476 lots. Sugar slides on investor sales but dealings modest at best since many players away for Christmas and New Year holidays - dealers. Vinay Kumar, managing director of National Co-operative Federation of Sugar Factories Ltd, said India's 2010/11 sugar output should hit 23 million tonnes.