Raw sugar futures climbed early on Monday, supported by trimmed forecasts for Indian sugar output and renewed physical buying after prices pulled away from 30-year peaks. Arabica coffee futures also rose as high-quality beans remained in short supply, while cocoa dipped slightly on technical factors, falling further from one-year peaks.
ICE March raw sugar gained 0.47 cent or 1.4 percent to 33.11 cents per lb at 1536 GMT, below the 30-year peak of 36.08 cents touched last Wednesday. ICE March arabicas gained 1.65 cent or 0.7 percent at $2.5095 per lb at 1537 GMT, below its 13-1/2-year peak of $2.5360 a lb from last Thursday. ICE benchmark May cocoa futures eased $26 or 0.8 percent to $3,225 per tonne.
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