New York coffee and sugar climb

Sugar and coffee futures surged Monday to their highest levels in a month due to a weak dollar, with raws boosted by lingering worries about how much sugar No 2 producer India will export. Cocoa was steady to slightly firmer, content to consolidate after its sharp sell-off last Friday as supply worries eased in top grower Ivory Coast.
New York's March raw sugar contract climbed 1.36 cents or by 4.6 percent to end at 30.49 cents per lb, its highest settlement close in over a month. The March arabica coffee contract on ICE Futures US gained 7.95 cents or by 3.8 percent to close at $2.1755 per lb, the highest close in a month. Both New York raw sugar and arabica coffee markets staged their biggest one-day advance in almost a month. The key March cocoa contract crawled up $3 to end at $2,890 per tonne.