US MIDDAY: sugar down cocoa up

Cocoa futures rose on Tuesday as the market awaited delayed results from a presidential election in top grower Ivory Coast. Sugar futures were sharply down, weighed by indications that India is still likely to export, while coffee prices also slid. March cocoa on ICE rose $61 or 2.2 percent to $2,816 a tonne by 1602 GMT.
Raw sugar futures on ICE were also lower, under pressure partly from a stronger dollar. March raw sugar futures on ICE slid about 5 percent to a low of 27.03 cents a lb before rebounding to 27.60 cents, still down 0.75 cent or 2.65 percent. March arabica futures on ICE dipped 1.85 cent or 0.9 percent to $2.0080 per lb.