London white sugar futures settled lower on trade selling on Monday, and traders predicted an increasing appetite for physical business. Benchmark August finished down $4.2 or 0.93 percent at $446.3 per tonne in volume of 1,590 lots, having moved from $453.3 to $443.9. October closed down $4.2 at $434.8 per tonne in volume of 1,587 lots, after trading from $440.4 to $432.5.
Traders said activity was predominantly quiet, with light trade buying in the morning, followed by selling triggered by weakness in New York raw sugar futures in the afternoon.
"There has been trade and spec buying against trade selling," one trader said, noting that lower futures prices could stimulate physical business.
COFFEE DOWN:
London robusta coffee futures ended down on Monday in spread-dominated trade and speculators on both sides of the market, dealers said.
The benchmark July contract settled down $5, or 0.44 percent, at $1,133 after trading between $1,136 and $1,122. Total volume was 10,303 lots.
COCOA RISES:
London cocoa futures ended up on industry buying on Monday, with trade dominated by rollovers out of the July contract, dealers said.
The benchmark July contract settled up 6 pounds, or 0.69 percent, at 881 pounds after trading between 890 and 875 pounds. Total volume was 11,579 lots.
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