London white sugar futures closed higher after index funds piled into commodity markets in late buying on Tuesday, traders said.
Benchmark August settled up $5.90 or 1.24 percent at $480.60 per tonne in volume of 4,456 lots after trading from $482.00 to $469.00.
October finished up $4.50 at $474.00 in volume of 1,356 lots, having moved from $474.00 to $463.80.
Traders said index fund buying lifted the market late in the session after surges in oil, gold and base metals prices.
Gold rallied to a new 25-year high near $700 an ounce on Tuesday on dollar weakness, while platinum set a new record on strong industrial demand and fund buying.
Volume was light in the earlier part of the session, with activity dominated by Against Actuals and trade selling in August, with many traders visiting New York for an industry function on Wednesday.
COFFEE ENDS UP:
London robusta coffee futures closed slightly firmer within a three-week range on Tuesday, buoyed by strong technical support, traders said.
July was up $16 at $1,214 per tonne in volume of 6,069 lots, after trading from $1,193 to $1,219.
Turnover totalled 8,237 lots.
Traders referred to a lack of fundamental news to drive the market, but said underlying technical support was solid.
COCOA FIRMSL:
London cocoa futures closed mostly stronger on Tuesday as speculative buying pushed contracts through technical levels, traders said.
Benchmark July was up 17 pounds to settle at 882 a tonne in volume of 18,453 lots. It traded in a range of 862 to 885 pounds.
Front-month May was down 3 pounds to 867 a tonne in volume of 17,363 lots, pushed lower by investors rolling out of positions. It traded between 861 and 869.
Total volume was 41,260 lots.
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