Raw sugar futures on ICE ricocheted off a five-month peak and turned lower early on Monday, as profit-taking and the macro impact of stalemated debt talks in the United States weighed on the sweetener. October raw sugar on ICE was off 0.70 cent, or 2.3 percent, at 30.64 cents a lb by 12:21 pm EDT (1621 GMT) after earlier hitting a five-month high for the spot contract at 31.68 cents.
September cocoa on ICE closed down $69, or 2.3 percent, at $2,996 per tonne. September arabica futures rose 1.65 cent, or 0.7 percent, to $2.4315 per lb. The spot contract touched $2.38 on Friday, its lowest level since January.
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