Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Monday. December coffee down 3.95 cents, or 3 percent, at $1.2840 per lb at 11:01 am EDT (1501 GMT). Session range from $1.3150 to $1.2795, the lowest since July 31. Arabica futures pressured by across-the-board risk asset liquidation and by the wide September/October spread, said traders.
October sugar dropped 0.48 cent, or 2.2 percent, to 21.50 cents per lb at 11:02 am Trading range from 21.35 to 21.88 cents. Sugar was hit by investor sales as part of general commodities sell-off caused by worries that economic recovery prospects may not be as bright as some believe, said traders.
Benchmark December cocoa sank $107, or 3.8 percent, to $2,736 per tonne by 11:03 am. Range from $2,827 to $2,730, the lowest since July 17. US cocoa futures sank along with the commodity complex, with heavy pressure from the sharply lower pound against the dollar, said brokers.
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