Arabica coffee futures ended near a five-month low and robustas also slid to a four-month low Monday due to investor liquidation, but cocoa and raw sugar futures climbed on suspected consumer buying. US cocoa futures rose as industry buying forced shorts to cover positions, although prices were near five-month lows hit earlier this month. Raw sugar finished at a 2-1/2 month top as it was buoyed by consumer buying and a slow start to Brazil's harvest, dealers said.
New York's September arabica futures sank 6.20 cents or nearly 2.5 percent to end at $2.463 per lb, the lowest finish for the second-position coffee contract since January 27. Volume in the US raw sugar and arabica markets were heavy and ranged from 10 percent to a third above the 30-day norm, Thomson Reuters data showed.
New York's July raw sugar contract climbed 1.10 cents or by 4.2 percent to finish at 27.47 cents per lb, the highest settlement close since April 5 and after having touched a session top at 27.58 cents. July sprang over the 100-day moving average at 26.69 cents. New York's September cocoa futures rose $51 to end at $2,968 per tonne.
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