Sugar erases losses; cocoa down

ICE raw sugar futures on Wednesday reversed early losses in choppy dealings and kept sights on last week's 30-year peak, while cocoa fell as concerns over risks to supplies from Ivory Coast eased despite a political impasse.
ICE arabica coffee futures slid, under pressure from a strengthening dollar, but losses were limited by tight availability of high-quality Colombian beans, keeping prices within sight of 13-1/2-year peaks.
Erasing earlier losses, ICE March raw sugar was up 0.40 cent or 1.3 percent to 31.40 cents a lb at 1507 GMT ICE March cocoa traded down $74 or 2.5 percent at $2,858 a tonne in modest volume of 9,026 lots at 1510 GMT. ICE March arabicas were down 1.7 cent or 0.7 percent at $2.3325 a lb in moderate turnover of 5,353 lots.