London sugar rises

London white sugar futures closed up on Friday on trade buying and expectations of buying from Asia and the Middle East over the weekend, dealers said.
Benchmark August settled up $3.9, or 0.87 percent, at $450 a tonne, at the top of the day's range between $450 and $455.5. Total volume was 4,805 lots.
"There was trade buying towards the end and also there is a tender in Pakistan," one trader said.
The government has instructed the state-run Trading Corporation of Pakistan to import at least 200,000 tonnes of sugar per month.
Dealers said the market had stabilised after falling last week to a 2-1/2-month low for the front month of $435.90.
"For the moment I think we have seen the lows," one dealer said.
The world's top raw sugar buyer, Russia, will keep its raw cane sugar import tariff at $140 per tonne in July, unchanged from the previous nine months, the Economy Ministry said on Friday.
COCOA RISES:
London cocoa futures ended up on speculative and trade buying on Friday in switch-dominated business, dealers said.
The benchmark July contract settled up 13 pounds, or 1.51 percent, at 875 pounds a tonne after trading between 879 and 862 pounds. Total volume was 11,722 lots.
"There is some spec buying in there but it's all about the July-September switch," said one dealer.
Another dealer said there had been trade buying.
Cameroon's cocoa exports in the 2005/06 season reached 123,518 tonnes by the end of May, down from 151,184 at the same stage of the 2004.05 season, a state agency said on Friday.
COFFEE CLIMBS:
London robusta futures ended up on Friday on trade and speculative buying while profit-taking took the market off the day's highs, dealers said.
The benchmark July contract settled up $8, or 0.71 percent, at $1,138 a tonne after trading between $1,147 and $1,127. Total volume was 7,249 lots.
"There was a bit of spec and trade buying...A bit of profit-taking took the market off the highs," one dealer said.
The dealer added the market was stuck in a range with no new fundamental factors.
Brazilian farmers picked 20 percent of an estimated 43.5 million 60-kg bag 2006/-7 (July/June) coffee crop by June 7, compared with 15 percent a week ago, analysts Safras e Mercado said on Friday.